A fall in the pound can have a significant effect on household finances.

If the pound is worth less, the cost of buying goods from overseas goes up. This adds to the pressure on the cost of living.

For example, as oil is priced in dollars a weak pound can make filling up your car with petrol more expensive. Gas is also priced in dollars.

Technology goods, like iPhones, that are made abroad, may get more expensive in UK shops.

Even things that are made in the UK but from parts that are bought abroad can get much more expensive.

Many people don't think about exchange rates until it's time to swap money for a foreign holiday. When you travel abroad, things will be more expensive if the pound buys less of the local currency.

A fall in the pound can have a significant effect on household finances.

If the pound is worth less, the cost of buying goods from overseas goes up. This adds to the pressure on the cost of living.

For example, as oil is priced in dollars a weak pound can make filling up your car with petrol more expensive. Gas is also priced in dollars.

Technology goods, like iPhones, that are made abroad, may get more expensive in UK shops.

Even things that are made in the UK but from parts that are bought abroad can get much more expensive.

Many people don't think about exchange rates until it's time to swap money for a foreign holiday. When you travel abroad, things will be more expensive if the pound buys less of the local currency.