Sterling could soon bounce back

“The pain can be felt with every British order for croissants and cappuccinos” on the continent, says the Financial Times. The pound has slid to its lowest level against the euro since 2009, with the single currency now buying around 92p, compared to 70p before the referendum in June 2016. And while sterling has recovered some ground against the dollar, in trade-weighted terms – tracking a basket of major trading partners’ currencies – it is close to 2016’s record low.

The euro has gained 10% since April, and it has the wind at its back [...]