Every article like this brings forth the UK retirees abroad, wanting a return to the days when Europe 'was cheap' on the pound. You went when the GBP was unnaturally strong and the EUR weak, now things are at a more realistic level. Unless you were smart and hedged in some way, get used to it!!!

Ryan G, Londres,

Heads you lose, tails you lose! If the BoE sit on their hands they risk allowing a devalued pound to exacerbate inflation - 1970s revisited. If they raise rates they will speed up the oncoming recession. Either way the UK is headed for much higher interest rates.

Steve Marchant, Newton Abbot, UK

Andrew, UK is among the 10 world top export countries and a weaker pound will be beneficial. I believe that the real fault of BOE is keeping the interest rate high, well above the western countries, over the past years. Now BOE cannot increase the % to strengthen the pound. Pound is dead.

andrea ceccanti, london,

Is n't the long term norm for the US dollar to be about 1.55 to the pound? So that would still make the pound rather over valued compared to the dollar.
The US and UK economies seem to be in a similar mess, so perhaps further adjustment is due.
Plus the USA will get to change its leader this fall.

Richard, Greensboro, USA

Hurray! It will all be over by Christmas! (2015)

Jenny, Liverpool,

Sterling has been an accident waiting to happen for years - overvalued to the detriment of what little manufacturing base we have - sadly when it does depreciate it is at the moment when inflation is high and it feeds that inflation. Capital flows are the key driver and could change tomorrow

Richard, Newton Abbot,

The MPC should've moved with the Fed at the end of last year and made preemptive cuts when the pound was at $2 and 1.40e instead of listening to over-optimistic business directors whose job is not to foresee the impact of credit melt-downs and thought the 'real' world was immune. Now they are stuck.

Robert Cookson, Milton Keynes,

Sterling has fallen in value because of the dawdling monetary policy committee of the BoE. Had they been more decisive and made interest rate cuts and averted some of the recent crises in the economy, then sterling contrarily would have stayed higher since confidence in UK economy would be higher

Mac, Manchester,

"Sterling is still 20 per cent higher than its low point in 1993, after its ejection from the exchange-rate mechanism, Alliance Bernstein points out."

- wrong. Sterling's effective exchange rate index is 88 currently against 83 in 1993. Five points difference only, not 20%.

j d hurley, hednesford, England

you must be joking,

crime, crowded, dirty, expensive, crap food, lousy transport, weather - going to Europe this month with my family to Italy and France and for the first time, missing friends in UK and especially Heathrow Terminal 4 - the Third World is better.

OldOzzie, Sydney, Australia

Why do you talk about the Sterling exchange rate as though it were something that happens to us? Two weeks ago there was coordinated Central Bank intervention to force the Dollar up. That means the fall in the Pound is the result of Central Bank action - including the BoE.

jon livesey, Sunnyvale, CA/USA

"Makes exports cheaper." What exports? Even the invisible export of tourism: Reports of UK street crime and high prices will take the shine of that little earner. I wouldn't set foot in the place for a pension, so how do non-Brits feel? And talking of pension, ex-pats need to view NI catch-up payment requests with scepticism.

Andrew Milner, Karuizawa, Japan

Just as long as euro drops when recessions are realised then all us ex pats in europe who escaped the UK for a happier life and less expense can shout hurray as well. I wouldnt half mind my £100 extra rent back that i'm paying on €500 since sterling tumbled a year ago. PS: and the weather, scorchio

Lee Owen, Bucharest, Romania