The pound drops, but will it sink or swim?

<p><a href="https://www.standard.co.uk/news/politics/pound-record-low-dollar-track-kwasi-kwarteng-liz-truss-b1028026.html" rel="noopener noreferrer" target="_blank">The biggest drop in the pound since 1971</a>, rumours of <a href="https://www.standard.co.uk/news/politics/labour-investigation-leaks-mini-budget-pound-streling-united-states-dollar-kwasi-tulip-siddiq-b1028051.html" rel="noopener noreferrer" target="_blank">hedge funds shorting the currency</a>, and claims Tory MPs are not happy about it. But is it time to worry? The Evening Standard’s Political Editor Nicholas Cecil explains what has happened, and the impact a drop in the pound could have. Plus <a href="https://twitter.com/matthewlesh" rel="noopener noreferrer" target="_blank">Matthew Lesh</a> from the <a href="https://iea.org.uk/about-us" rel="noopener noreferrer" target="_blank">Institute of Economic Affairs</a> explains why some good could come from the fall in Sterling. In this episode:</p><p><br></p><ul><li>The pound’s record drop explained</li><li>How could the Bank of England boost the pound?</li><li>Unrest among some backbench Conservative MPs</li><li>Could the drop be a temporary blip?</li><li>How a crash in the 80s was a turning point for Sterling</li><li>Why it’s a case of ‘wait and see’</li></ul><p><br></p><p><a href="https://twitter.com/EveningStandard" rel="noopener noreferrer" target="_blank">Follow us on Twitter</a> #TheLeaderPodcast</p><p><br></p><br /><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>