The pound dropped to an all time low (Picture: Jim Dyson/Getty Images)

The value of the pound has plunged to a 168 year low. Yes, really.

During exchanges in the House of Commons today on how the UK should leave the European Union, the pound decided to make history.

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So when Labour’s shadow Brexit secretary, Keir Starmer, stood up and opened the debate at around 1pm, sterling stood at 1.227 US dollars.

However within minutes it began to tumble, and just an hour and a half later – it hit 1.217 US dollars – a drop of 0.8%.


Which is the lowest it has been since 1848 – when revolution was spreading across Europe.

Brexit Secretary David Davis spoke during a debate on Brexit in the House of Commons (Picture: PA)

And it hit that value during a speech by Brexit Secretary David Davis.



Bizarrely, the figure – which has dropped an enormous 18% since the referendum – then began to rise shortly after Mr Davis sat down.

However as of 3.30pm it had only partly recovered its losses.