• Brexit: France overtakes Britain as world’s 5th largest economy

    Brexit: France overtakes Britain as world’s 5th largest economy

    France has overtaken Britain to take fifth place on the list of the world’s largest economies after the pound slumped to a fresh 31-year low following last month’s Brexit vote.

    The pound has fallen by about 14 per cent against the dollar since it hit $1.50 ahead of the referendum result, and has fallen 0.9 per cent against the euro to €1.1656 on Wednesday.

    The fall against the euro – to the lowest level since 2013 – puts the value of France’s […]