Working out which announcement sent the Pound plunging during the early part of the Chancellor's speech is like rubbing your finger along a saw and trying to guess which tooth cut it.
Currency markets had been prepared for the worst, and their initial reaction was not positive as the Chancellor confirmed many of the widely trailed and controversial measures, including an increase to Employer's National Insurance.
Sterling has enjoyed a very strong year, even if it has sagged in recent weeks. With next week's US election still too close to call, the possibility of electoral paralysis in Washington could deliver a welcome upside for British travellers if the Dollar takes a dive.
This was no travel-friendly Budget, but anyone planning a foreign trip in coming weeks can at least be reassured that the Pound in their pocket is worth broadly the same this afternoon as it was this morning.
Collection
[
|
...
]