News about Samuel Fuller

Following Chancellor Nadhim Zahawi's'mini-budget' on Monday, the record low came after a turbulent time for the pound in the financial markets, which has seen its value plummet. Yesterday, families who waited until the last minute to get the holiday spending money were hardest, with shocking exchange rates being offered at airports. With this exchange rate board in Birmingham (pictured) selling people just over 86 percent to the pound, almost 20% lower than the pound's $1.03 low on Monday, bureaux de change operators at Birmingham and Manchester airports gave them as little as 85 percent to the pound.

The pound has dropped to its lowest level against the dollar since decimalisation was introduced in 1971 (lower right). It dropped to just $1.0327, below even the 1985 low of $1.0545, which sparked panic in several markets. However, some members of the public are uncertain why this is causing such an effect and why it matters what the American currency looks like relative to the pound. It would mean holidays in America (left) would be more expensive, but it could entice more tourists to the United States for cheaper breaks (top right).