Pound vs Dollar

Latest :

21/10/16 :

• Who would have thought the pound could have hit as low as 1.22 dollars and 1.12 Euros. Not a good situation. Especially if trying to argue that we are a trading partner in Europe to whom the EU countries may wish to sell. We are no longer going to be buying so much if the pound is low vs the Euro !
• Credit Suisse Exchange Rate predictions - based on predictions for a soft or hard Brexit - interesting - https://www.poundsterlinglive.com/gbp-live-today/5618-gbp-to-eur-and-usd-forecasts-credit-suisse

7/10/16 :

• https://www.poundsterlinglive.com/gbp-live-today/5558-gbp-to-eur-and-usd-manufacturing-production
• http://www.bbc.co.uk/news/business-37582150

The level of the pound vs the US dollar has been low since Brexit was announced and has plummeted further on 3 October 2016 after Theresa may announced firm intentions to launch Article 50 while speaking at the Conservative Party Conference.

I have tracked the level of the pound for over 60 years here and what has happened to the level with various governments.
Apart from Black Friday in .... the pound is now at an all time low :

The data for UK governments came from :

http://www.politicsresources.net/area/uk/uktable.htm

Here is the level of the Pound on the Day of the EU Referendum - 23 June 2016
https://www.poundsterlinglive.com/best-exchange-rates/british-pound-to-euro-exchange-rate-on-2016-06-23

What caused the low pound in 1985 - the last previous all time low ... this is very interesting ...
https://www.buzzfeed.com/simonneville/the-last-time-the-pound-was-this-weak-was-1985-heres-what-ha?utm_term=.uu1N295gMQ#.lg6xn0QArw

Although a side effect of a low pound is that our exports become cheaper - this is the only good consequence. But it means imports eg of raw materials become more expensive, so for manufacturers this can level things out although may mean more raw materials are bought within Britain.
But the value of the Pound is an indication of the value of our country, and the risk that others have in investing in our currency. Do they feel it is a safe place for their money. Now obviously this is all a gamble, international money markets are no doubt very volatile. But... the pound has definitely taken a hit from Brexit, and this is even with Quantitative easing from Bank of England and Interest rates being held low.