The U.K. pound is expected to push even lower in the coming months, according to currency analysts, as the first signs emerged this week of the impact - and in some case benefits - it's giving to the country's business sector.
Sterling is still hovering at 31-year lows against the dollar after falling around 11 percent following the U.K.'s decision to leave the European Union in late June. The currency received another hit Tuesday when notable Bank of England hawk Martin Weale threw his weight behind a new stimulus package for an economy that's showing the first signs of a downturn.
The central bank is expected to ease policy soon, according to Simon Derrick, chief currency strategist at BNY Mellon, who suggests that U.K. politicians and officials have let sterling "take the strain" in times of economic stress since the 1930s.
"Do I think we're heading lower (for sterling)? Absolutely," he told CNBC Monday.
Kit Juckes, global head of foreign exchange strategy at Societe Generale, agrees and said in a note Tuesday that he expected "lower rates and more asset purchases and, albeit choppily, a weaker pound too."