GBP £ looses more than 4% of its value since Boris Johnson became PM

  • More by Omar Bishara

GBP £ looses more than 4% of its value since Boris Johnson became PM less than a month ago

Al-Sahawat Times

This story is currently developing. Further updates will follow

To be notified of developments as they break

Al-Sahawat Times | Ethical Global News from Oman and UAE | Donate HERE

As the Asian markets open today the GBP is trading at $1.210 the lowest in almost 3 years!

As the UK continues to struggle with the nation’s worst financial crisis and highest poverty levels in modern history the No Deal Brexit determined PM, Boris Johnson sees the GBP crash at an alarming rate.

The GBP is now the world’s most volatile and unstable major currency in the world.

This is likely to see significant price rises on all products and services from outside the UK, large devaluations of both UK businesses and private citizens’ savings accounts.

Essentially the £ just doesn’t buy that much anymore and is likely to continue to fall as more and more big businesses in the UK continue to go out of business or relocate to Europe in what is being dubbed #Brexodus.

Since you’re here …

… we have a small favour to ask. More people are reading Al-Sahawat Times than ever but advertising revenues across the global media industry are falling fast. And unlike many news organisations, we haven’t put up a total paywall. We want to keep our journalism as open as we can. So you can see why we need to ask for your help. Al-Sahawat Times’ independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe truly ethical media and an unbias perspective really matters.

“I appreciate there not being a paywall: it is more democratic for the media to be available for all and not a commodity to be purchased by a few. I’m happy to make a contribution so others with less means still have access to information.”

If everyone who reads our reporting, who likes it, helps fund it, the future of ethical media and the futures of our staff and their families would be much more secure. For as little as £1, you can support Al-Sahawat Times and it only takes a minute. Thank you.

This story is available on:


Talk to a journalist



Follow Al-Sahawat Times

⬆️ Follow on Instagram

⬆️ Follow on Twitter

⬆️ Follow on LinkedIn

⬆️ Follow on Facebook

⬆️ Follow on YouTube

Read it on APPLE NEWS

Read it on FLIPBOARD

About the Author

Omar Bishara
Journalist, Broadcast News Correspondent and Photojournalist