Sterling has experienced its longest decline in value since the financial crisis of 2001 . It fell for three consecutive years to fall against the dollar at $ 150 – its lowest level since June 2001 . Concerns about the underlying problems of the UK economy are being cited as having contributed to the slide , along with a growing concern among traders that the UK will leave the EU without a trade deal next year .
Sterling has experienced its longest decline in value since the financial crisis of 2008. It fell for 12 consecutive days to trade against the dollar at $1.2689 – its lowest level since June 2017. Concerns about the underlying state of the UK economy are being cited as having contributed to the slide, along with a growing concern among traders that the UK will leave the EU without a trade deal next year.