Why the pound has shot up while UK economy is struggling – expert Q&A
- Written by Ganesh Viswanath-Natraj, Assistant Professor, Warwick Business School, University of Warwick
The pound is up about 30% against the US dollar since autumn 2022. Stock_Shot/ShutterstockWhen Liz Truss and Kwasi Kwarteng’s tax-cutting mini-budget triggered a UK debt crisis in autumn 2022, the pound plummeted to almost parity with the US dollar. In 2023 the UK has endured weak growth, falling productivity and high inflation, yet the...
