Monday, October 31, 2016

The pound in perspective

"The big question is what's next for the British pound sterling, which has lost 17% of its value since the country voted to leave the European Union in June. It's now worth about $1.22."

So I read at the end of last week. As coincidence would have it, I found at the same time that in 1940 the pound had been pegged to the Reichsmark at 9.6 and that this exchange rate would apply once the British Isles had been occupied by the Nazis after a successful Operation Sealion! 

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