Posted by Marion on 16/3/2020, 8:51 pm, in reply to "Re: Panic!"
Biggles - The £ relies on the inflow of foreign investor capital to the UK as its drawn to the financial services and legal framework, beneficial timezone and business-friendly political environment.
When global investors run scared or as is happening now totally crap themselves the £ suffers badly due to investors taking a huge repatriation of foreign capital, which creates a unique downside pressures on the currency.