Why British pound is losing value day after day?
well, it is because the British economy has relied heavily on being a dominant nation economically, however, as we are in an economic downturn at the moment, the value of British exports has plummeted. Also, as Britain has less manufacturing plants now, and imports are becoming more expensive, the pound loses value. Britain has also been effected much more than a lot of other nations in Europe, as they have had more gold reserves than we have, so they can ride the storm better. Also, since the Euro, the pound has been losing power, as that is now the dominant currency in Europe, where as it used to be the pound. all these factors influence the value, so pick your favourite one.
