The Bank of England’s trade-weighted index for sterling has risen 8pc since mid-2020

This currency strength is unsustainable.

Sterling is arguably as over-valued today as it was in those halcyon days before the global financial crisis, when homeowners in Croydon and Beckenham were dollar millionaires, and the British middle classes could afford a hotel bill in Switzerland.

Ambrose Evans-Pritchard Telegraph 20 January 2022

https://www.telegraph.co.uk/business/2022/01/19/falling-pound-will-next-inflation-shock/