Graph 1

Brexit and the Rise and Fall of the British Pound

The aftermath of the 2008 global financial crisis, as well as the uncertainty surrounding Brexit’s impact, resulted in several episodes in which the British pound sterling (GBP) plummeted to appalling lows (See Graph 1 below). Following the 2008 global financial crisis, the Bank of England (BOE) and the European Central Bank (ECB) ensued the actions of the United States Federal Reserve in stimulating the economy by initiating…