Did you know...
This table shows that from 1971 to 2018 £1 sterling lost 92.74% of its buying power.
No one has bothered to update the table since then because it's changing too fast (for the worst)
Discussion
Truly incredible. In 10 years it's less the 1/3 and not stopping.
I "memba" the pound being super expensive in my country currency (czech crown). It was like 60 czk for one gbp around 2000, now hitting all time lows sub 27 czk.
Yay? No, gbp hit the same levels around 2008 too. Since then the decline was similar for both.
Maybe 2000 was the time when former communist countries matured enough to take a big part of manufacturing from the expensive countries? And then a few years later the same happened with china?