The British pound could crash in 2024

Dominic Frisby’s Flux theory predicts a major low for the British pound in 2024.

British pound
(Image credit: Getty)

 An alert just went off in my calendar. “Start looking to short the British pound”, it says. Why would one short strength? Sterling has been very strong over the past few months (mainly due to higher interest rates). 

You wouldn’t know it to listen to many financial commentators, who so often seem consumed with national self-loathing, but against a basket of major foreign currencies, the pound is actually flirting with six-year highs. It has a bit further to go against the euro and the US dollar; we tend to think of the pound-dollar rate, aka cable, as the defining measure. 

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Dominic Frisby

Dominic Frisby (“mercurially witty” – the Spectator) is as far as we know the world’s only financial writer and comedian. He is the author of the popular newsletter the Flying Frisby and is MoneyWeek’s main commentator on gold, commodities, currencies and cryptocurrencies. He has also taken several of his shows to the Edinburgh Festival Fringe.

His books are Daylight Robbery - How Tax Changed our Past and Will Shape our Future; Bitcoin: the Future of Money? and Life After the State - Why We Don't Need Government

Dominic was educated at St Paul's School, Manchester University and the Webber-Douglas Academy Of Dramatic Art. You can follow him on X @dominicfrisby