, Columnist
The UK’s Pound Slide Has Been a Long Time Coming
Bloomberg Opinion columnists discuss the pound’s slide, and what the Bank of England can do about it.
Worth less.
Photographer: Chris Ratcliffe/Bloomberg
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Currency crises in emerging markets are often considered a cost of doing business. They’re not supposed to be the stuff of advanced economies, especially those that have been steadily raising interest rates, but that appears to be what’s happening now in the UK. Bloomberg Opinion columnist Daniel Moss spoke to editor James Hertling about the state of sterling on a Twitter Space. The following has been cut and edited for clarity.
Listen to the whole Space, including commentary from Yuko Takeo on Japan’s currency intervention, here.