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Very first, sterling rocketed, swinging a lot more than £step one so you can All of us$2.40, as the rates of interest rose responding for the monetarist coverage from focusing on currency have. Economic segments have been beginning to believe the brand new pound is overvalued, along with April one to 12 months The new Wall surface Path Journal told the new sales of sterling investment facing large taxation, inside the a story one to concluded which have “good-bye, The uk. It had been nice understanding your”. This type of provided Hong-kong from 1863 in order to 1866; Cyprus of 1955 up to 1960 (and you may continued to your island since the division of the Cypriot lb up to 1983); as well as the Palestine Mandate out of 1926 up until 1948.

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