The drop in the British currency on Friday will have an impact not just on the local economy but also on companies from around the world doing business in the country as well as tourists and shoppers.
The pound fell as much as three cents against the dollar, from $1.2950 to $1.2635, after the British election produced no clear winner. By Friday, it had recovered slightly to $1.2755.
The drop is not as dramatic as the near 17-cent slide – from $1.50 to $1.33 – that the currency endured after Britain voted last year to leave the European Union, but it is likely to be felt broadly if it is sustained.
Here’s a look at the main effects it could have.