OPIN­ION

Weekend Argus (Saturday Edition) - - FRONT PAGE -

Last year’s Brexit ref­er­en­dum trig­gered the pound’s big­gest fall since the era of free- float­ing ex­change rates was in­tro­duced more than 40 years ago.

Ster­ling plunged against the dol­lar.

Im­plied volatil­ity hit record lev­els, even higher than in the 2008 global fi­nan­cial cri­sis, forc­ing Bank of Eng­land gov­er­nor Mark Car­ney to come out and calm mar­kets.

A few weeks later, the BoE re­sponded to grow­ing fears over the econ­omy by re­sum­ing quan­ti­ta­tive eas­ing and slash­ing in­ter­est rates to a 10%

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