Analysis: What are the implications for retail as sterling takes a pounding?

Money, by JD Mack

The new government’s mini-budget last week proved to be anything but. Indeed, it was so dramatic that it has spooked financial markets and sent the pound to record lows against the dollar.

Sterling recovered a little subsequently, but a period of volatility looks certain and brings another headache for retailers and their customers, who are already buckling under the cost-of-living crisis. From buying to refinancing, we consider some of the implications of the pound’s plunge on the retail industry.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.