As the UK woke up on Monday September 26, £1 was worth just $1.035, the closest that the pound and dollar had ever come to parity.
Since then, the pound has strengthened a little but some traders predict that the currencies will sooner or later reach equal value, and that the pound could even trade at below the $1 mark.
Over the past 70 years, the pound has gradually weakened against the dollar, and occasionally collapsed.
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