What does a weak dollar mean for UK-based investors?

Simon Edelsten

When I was a child, a pound sterling bought more than two and a half dollars.

The inflation of the 1970s and the end of the Bretton Woods arrangements put an end to that.

In the mid 1980s I got hold of an invitation to a parity party, hosted by Citibank, for the date that one dollar was expected to be worth a pound. The party never happened.

Some might recall that the dollar also approached parity a couple of years ago, reaching $1.1 in October 2022. The low point for sterling was marked the day before prime minister Liz Truss resigned.

Read the full article in the FT Adviser

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