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The plunging pound...and what it means for you

Why has the value of the pound fallen, and how will it affect you? Our Global Trade Correspondent Dharshini David answers five questions on what's happening.

The value of the pound has now fallen to its lowest ever level against the US dollar. That means a pound will buy less than it used to on anything that comes from abroad, or anything that's priced in another currency.

That means the price of petrol, iPhones and even a pint of beer could go up. But has the value of the pound fallen and how is it connected to the Chancellor's so-called mini-budget?

Our Global Trade Correspondent Dharshini David answers five questions on what's happening and how it could affect you.

Image credit: Jeff Overs, 麻豆社 News

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6 minutes