Dollar has become a 'falling chainsaw' - what it means for you
US dollar falls over 11% in 2026, shaking global markets and boosting the UK pound.
The US dollar has slid over 11% in 2026, a sharp decline traced back to a 9% dip against a currency basket last year and a further 2% fall in January. The pound has risen to its highest level against the dollar since July 2021, trading above $1.38. Analysts link the collapse to President Donald Trump’s return, his trade war and tariff threats, military tensions in Iran and Venezuela, and concerns over Federal Reserve independence. The weakness has lowered costs for UK travellers, eased import inflation, but hurts UK exporters and investors, with dollar‑denominated assets losing value. Meanwhile, speculation on joint US‑Japan central‑bank action aims to stabilise the yen.
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