Pound dropped against Dollar and Euro

Is the pound heading to an all time low against the Euro? Will we see an all time US Dollar rate not seen for decades?

The media would have you believe that rates are on a downward spirral and will take sometime to recover.

Boris Johnson becoming the leader of the Conservatives and in turn the Prime Minister of the UK has meant markets have been jumping around more than usual. His comments around brexit, investment in the NHS and various regional initiatives has meant people are uncertain about the source of funding. His countdown to brexit is also maling some worry about the exact terms of the agreement.

The rates for sterling against most currencies is certainly not as good as it was, however there is some fluctuation amd its not all a downward spiral.