Paul Sedgwick, chief investment officer at Frank Investments, says that we ‘could see the pound recover’. He explains that, with the weakness in sterling, he would have expected the FTSE 100 to have performed better than it has done this year.

It would seem that the days of the mighty dollar may no longer be so mighty. Instead, it is the British pound that is the latest flavour of the day.

The British Pound is at its lowest level against the dollar for 31 years. The drop is the result of growing fears of a so-called “Hard Brexit” and that Britain will be forced out of the European single market during negotiations to leave the EU. Al Jazeera’s UK correspondent, Barnaby Phillips reports from central London.