Sterling - comment

Following Friday’s Mini-Budget, Sterling has fallen against any basket of currencies, extending its sharp fall since the beginning of the month. This should further hurt importers of goods, including apparel retailers, such as Matalan, but also raises the price of tourism to international destinations. By contrast, hotel owners in the UK, such as Vivion, whose funding is largely currency matched, should be looking forward to welcoming more international tourists to the UK in the future.