‘It’s a major concern’: how two UK firms are facing up to pound’s crash

Oakham Ales, in Peterborough, says the fall in the value of sterling poses a threat to its success story. Photograph: Oakham Ales

After plunging to a record low against the US dollar overnight, sterling recovered some of its losses on Monday but still remained near to a historic lows. Its latest tribulations follow a long decline in value against a broad basket of currencies that began in mid-2015.

The weakening pound creates winners and losers among businesses. For exporters, including some manufacturers, the makers of world-famous products such as Scotch whisky, and attractions favoured by foreign tourists, a weaker pound can be a boon.