Brexit fears and rising inflation in the UK are some of the factors being blamed for a downward spiral in the value of the once mighty Sterling.
One British Pound will buy you around €1.08 – €1.09, a far cry indeed from the €1.50 of 2008.
Some analysts believe that Sterling will finally reach parity with the common European currency towards the end of 2017, and remain there for some time to come.
The current atmosphere of uncertainty surrounding the final cost of Great Britain’s exit from the European Union will likely keep the value of Sterling down, before normalising after the Brexit till has rang the final bill.