A newspaper displaying about the UK pound sterling dropping is kept next to the transcript of the Shadow Chancellor's speech during Britain's Labour Party's annual conference in Liverpool, Britain, September 26, 2022. REUTERS/Henry Nicholls 

The British pound tumbled nearly 5% on Monday to an all-time low 

Pound and U.S. dollar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration 

A section of artwork, inspired by the image of England football captain David Beckham, by the Scottish artist David Begbie is displayed prior to auction at Christie's in London, November 4, 2004. [The auction, which will also include work by artists such as Tracey Emin and Anthony Gormley is expected to raise about 150,000 pounds sterling ($275,00) for the National Deaf Children's Society.] 

A section of artwork, inspired by the image of England football captain David Beckham, by the Scottish artist David Begbie is displayed prior to auction at Christie's in London, November 4, 2004. [The auction, which will also include work by artists such as Tracey Emin and Antony Gormley is expected to raise about 150,000 pounds sterling ($275,00) for the National Deaf Children's Society.] 

Trends in sterling against the dollar embed code and instructions: https://reut.rs/2N2nXHc 

Interactive graphic examines when investors have been betting on the strength and weakness of the British pound throughout the Brexit timeline. embed code and instructions: https://reut.rs/2X5p9M3 

Interactive graphic examines when investors have been betting on the strength and weakness of the British pound throughout the Brexit timeline. 

Pound Sterling notes and change are seen inside a cash resgister in a coffee shop in Manchester, Britain, Septem,ber 21, 2018. REUTERS/Phil Noble 

Pound Sterling notes and change are seen inside a cash resgister in a coffee shop in Manchester, Britain, Septem,ber 21, 2018. REUTERS/Phil Noble 

A sign for currency exchange rate of British pound sterling with Euro is seen in the window of a wedding dress shop in Londonderry, Northern Ireland, September 12, 2017. REUTERS/Clodagh Kilcoyne 

A shop assistant counts piles of British Pound Sterling banknotes at an Apple store in London, Britain November 18, 2017. REUTERS/Russell Boyce 

A shop assistant counts piles of British Pound Sterling banknotes at an Apple store in London, Britain November 18, 2017. REUTERS/Russell Boyce 

Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company's headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger 

British Pound Sterling banknotes are seen in a box at the Money Service Austria company's headquarters in Vienna, Austria, November 16, 2017.REUTERS/Leonhard Foeger 

Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company's headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger 

Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company's headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger 

British Pound Sterling banknotes are seen in a counter machine at the Money Service Austria company's headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger 

British Pound Sterling banknotes are seen at the Money Service Austria company's headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger 

UK pound coin drops into yellow watercolour in this illustration picture, October 26, 2017. Picture taken October 26, 2017. REUTERS/Dado Ruvic/Illustration 

UK pound coin drops into yellow watercolour in this illustration picture, October 26, 2017. Picture taken October 26, 2017. REUTERS/Dado Ruvic/Illustration 

UK pound coins plunge into water coloured with the European Union flag colours in this illustration picture, October 26, 2017. Picture taken October 26, 2017. REUTERS/Dado Ruvic 

UK pound coins plunge into water coloured with the European Union flag colours in this illustration picture, October 26, 2017. Picture taken October 26, 2017. REUTERS/Dado Ruvic 

UK pound coins plunge into water coloured with the European Union flag colours in this illustration picture, October 26, 2017. Picture taken October 26, 2017. REUTERS/Dado Ruvic 

UK pound coins plunge into water coloured with the European Union flag colours in this illustration picture, October 26, 2017. Picture taken October 26, 2017. REUTERS/Dado Ruvic 

UK pound coins plunge into water coloured with the European Union flag colours in this illustration picture, October 26, 2017. Picture taken October 26, 2017. REUTERS/Dado Ruvic 

UK pound coins plunge into water in this illustration picture, October 26, 2017. Picture taken October 26, 2017. REUTERS/Dado Ruvic/Illustration 

UK pound coins plunge into water in this illustration picture, October 26, 2017. Picture taken October 26, 2017. REUTERS/Dado Ruvic/Illustration 

UK pound coins plunge into water in this illustration picture, October 26, 2017. Picture taken October 26, 2017. REUTERS/Dado Ruvic/Illustration 

UK pound coins plunge into water in this illustration picture, October 26, 2017. Picture taken October 26, 2017. REUTERS/Dado Ruvic/Illustration 

UK pound coin plunges into water in this illustration picture, October 26, 2017. Picture taken October 26, 2017. REUTERS/Dado Ruvic 

UK pound coins plunge into water in this illustration picture, October 26, 2017. Picture taken October 26, 2017. REUTERS/Dado Ruvic 

UK pound coin plunges into water in this illustration picture, October 26, 2017. Picture taken October 26, 2017. REUTERS/Dado Ruvic 

Pound sterling and Euro/Dollar ATM's are seen inside Coutts private bank in London, Britain, October 10, 2017. REUTERS/Peter Nicholls 

Milestones between the euro and the British pound since the euro's inception 

A Japan Yen note in front of U.S. Dollar and British Pound Sterling notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration 

A Japan Yen note in front of U.S. Dollar and British Pound Sterling notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration 

British Pound Sterling and U.S. Dollar notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration 

Japan Yen and British Pound Sterling notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration 

A British Pound Sterling note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration 

British Pound Sterling and U.S. Dollar notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration 

British Pound Sterling and U.S. Dollar notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration 

The British pound had a dramatic fall after the Brexit vote on June 23 and previous elections haven't garnered a sterling bounce. 

The British pound had a dramatic fall after the Brexit vote on June 23 and previous elections haven't garnered a sterling bounce. 

A combination of two photographs shows -(TOP) Grant Sinclair, nephew of Sir Clive Sinclair, who developed an electric tricycle in the 1980s, riding his invention, the Iris E-Trike electric tricycle, Chepstow, Wales, March 28, 2017. REUTERS/Rebecca Naden(BOTTOM) Clive Sinclair waves from the seat of a Sinclair C5 electric vehicle at Alexander Palace in London January 10, 1984 where the official launch was made. The vehicle which is powered by a washing machine motor needs no licence to drive and will sell at 399 pounds sterling. SCANNED FROM NEGATIVE. REUTERS/Brian Smith/Files 

A combination of two photographs shows -(TOP) Grant Sinclair, nephew of Sir Clive Sinclair, who developed an electric tricycle in the 1980s, riding his invention, the Iris E-Trike electric tricycle, Chepstow, Wales, March 28, 2017. REUTERS/Rebecca Naden(BOTTOM) Clive Sinclair waves from the seat of a Sinclair C5 electric vehicle at Alexander Palace in London January 10, 1984 where the official launch was made. The vehicle which is powered by a washing machine motor needs no licence to drive and will sell at 399 pounds sterling. SCANNED FROM NEGATIVE. REUTERS/Brian Smith/Files 

The British pound has shown unusual movements against the U.S. dollar in the minutes ahead of key official retail sales data, according to a Reuters analysis. 

The British pound had a dramatic fall after the UK voted to leave the EU and has yet to recover. 

The British pound had a drastic fall after the UK voted to leave the EU and has yet to recover. 

A board posts the British Pound selling rate outside a currency exchange bureau in Paris, France, October 24, 2016. REUTERS/Benoit Tessier 

People walk past a board that posts the British Pound and U.S. dollar selling rate outside a currency exchange bureau in Paris, France, October 24, 2016. REUTERS/Benoit Tessier 

A currency exchange receipt displays parity for Euros purchased with British pounds at City Airport in London, Britain October 13, 2016. REUTERS/Michelle Martin 

A currency exchange receipt displays parity for Euros purchased with British pounds at City Airport in London, Britain October 13, 2016. REUTERS/Michelle Martin 

An English ten Pound note is seen in an illustration taken March 16, 2016. REUTERS/Phil Noble/Illustration/File Photo

A pile of one pound coins is seen in a photo illustration shot June 17, 2008. REUTERS/Toby Melville/Illustration/File Photo 

A pile of one pound coins is seen in a photo illustration shot June 17, 2008. REUTERS/Toby Melville/Illustration/File Photo 

A bank employee counts pound notes at Kasikornbank in Bangkok, Thailand October 12, 2010. REUTERS/Sukree Sukplang/File Photo 

Bank of England governor Mark Carney tests a new polymer five pound note as he buys lunch at Whitecross Street Market in London, Britain September 13, 2016. REUTERS/Stefan Wermuth 

An employee is seen walking over a mosaic of pound sterling symbols set in the floor of the front hall of the Bank of England in London, Britain 25, 2008. REUTERS/Luke MacGregor/File Photo

An employee is seen walking over a mosaic of pound sterling symbols set in the floor of the front hall of the Bank of England in London, Britain 25, 2008. REUTERS/Luke MacGregor/File Photo