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The British pound sterling has been falling against the euro in recent weeks, reaching a new low of €1.10 on Monday. This is the lowest level the pound has been against the euro since March 2020, when the COVID-19 pandemic began.
There are a number of factors that have contributed to the pound's decline, including the ongoing uncertainty surrounding Brexit, the economic impact of the pandemic, and the rising inflation rate in the UK.
The falling pound is likely to have a negative impact on British businesses that export goods to the eurozone, as they will receive less euros for their products. It could also make it more expensive for British consumers to buy imported goods from the eurozone.
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