Three reasons a weak pound is bad news for the environment

By Katharina Richter, Lecturer in Climate, Politics and Society, University of Bristol
Alix Dietzel, Senior Lecturer in Climate Justice, University of Bristol
Alvin Birdi, Professor of Economics Education, University of Bristol

The day before new UK chancellor Kwasi Kwarteng’s mini-budget plan for economic growth, a pound would buy you about $1.13. After financial markets rejected the plan, the pound suddenly sunk to around $1.07. Though it has since rallied thanks to major intervention from the Bank of England, the currency remains volatile…

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