According to a report by Lloyds Private Banking, the British currency’s
biggest declines were against the Brazilian Real and the Russian Rouble,
with around a 28-percent fall. The report says the Pound declined in
value against some 55 out of the 60 currencies the bank analyzed in the
six months before and after Britain’s vote last June to exit the E-U.
The British Pound is also expected to struggle through 2017, amid rising
inflation and protracted uncertainty among businesses regarding the
country's future trading relationship with Europe following Brexit. A
similar report in 2015 showed the Pound had been gaining against more
than three-quarters of the currencies surveyed.
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