My first reaction was "Ah, the good old Daily Mail - News invented by drunken hacks down at the boozer". Because, obviously, the
£ is not crashing. Yesterday it dropped against the $ by 0.6%. Wow!
But actually even the Mail didn't dream up the crazy notion that the £ was crashing; it merely said the $ had "pushed below" 1.6 to the £ (by the way it is back over 1.6 again today). Who made this up? It wasn't you, was it KKOB? Have you a job application in with DM?