The Foreign Policy Implications of Sterling’s Weakness

The government’s disastrous ‘mini-budget’ has exposed the precarity of sterling’s position as an international currency, and its steady decline in recent months carries important implications for Britain’s role in the world. In this briefing, Joshua Bailey, a former civil servant with expertise in economic and national security policy, considers the short and longer-term consequences of sterling’s weakness for British foreign policy.

Photo:  Rory Arnold / No10 Downing Street via Flickr