David Coombs: Sterling - where do we go from here?

‘In the know’

clock • 3 min read

From the Caribbean to Costa, David Coombs arrived back from holiday just in time for another lurch downward for the pound. Here he explains why currency moves will be crucial to investment returns in January

Checking out of our hotel in the Grenadines a few weeks back, my wife and I were offered to settle in Eastern Caribbean dollars, US dollars or sterling. The sterling/greenback rate offered was $1.15, so our trusted Post Office credit card settled in US dollars, naturally, at a much better rate. Mind you, by the time we got back to the UK, $1.15 could have looked good, such is the volatility in our beloved pound thanks to our decisive Parliament … #Don'tBeRidiculous. So the agenda was set for my first day back when Will and I had our Costa catch-up; 45 minutes later we had planned our hed...

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