The pound hit an all-time low against the US dollar this morning - but what does this mean for your money and the global economy?
Sterling plunged by more than 4% to $1.0327 in early Asia trade - its lowest level since the decimalisation of the currency in 1971.
The pound has since rebounded slightly to $1.08 on Monday afternoon off the back of reports suggesting the Bank of England could be prepped to make a statement.
