Pound at 31-year low as FTSE 100 hits High

The video discusses the impact of the pound's fall to a 31-year low, making exports cheaper and imports more expensive. It highlights the effects on manufacturers, consumers, and travelers, noting increased costs for the latter. The video also covers market reactions to Brexit, with Sterling's slump benefiting some multinationals but worrying investors. The Footsie 100 index shows mixed performance, and future economic uncertainty looms due to Brexit negotiations, potentially causing further declines in the pound.

What is a direct consequence of the pound's decline for manufacturers?

• Increased import costs

• Cheaper exports

• Higher consumer prices

• Lower production costs

How might a fall in the pound affect holidaymakers?

• Their travel expenses will decrease

• They will get more value for their money abroad

• Their hotel bills will be cheaper

• They will face higher costs for independent travel arrangements

What has been a significant factor in the pound's recent decline?

• A rise in global oil prices

• Theresa May's stance on Brexit negotiations

• An increase in UK interest rates

• A decrease in UK manufacturing output

What is the current status of the Footsie 100 index in terms of its performance in dollars?

• It is performing better than most international indices

• It has reached an all-time high

• It is down year on year

• It is unaffected by the pound's decline

What is the expected duration of uncertainty surrounding Brexit?

• Five years

• Two years

• One year

• Six months