[jonbxx]

Yes, the value of GBP has gone down in the past and will go up again. However, we live in a globalised world now. The level of self sufficiency of the UK is lower now than ever - we need to import goods just as much as other countries want to import what we make and use services we provide.

The effect of globalisation means that exchange rate fluctuations make a bigger difference than ever to the UK population and business. Sometimes it will work in your favour (my salary is in GBP and is set but underlying this, I am officially paid in USD so I am cheaper to employ) Sometime it doesn’t (my company sells to the UK in GBP but accounts in USD so the UK branch is making less money)