The trend goes back far longer....
I first made sales visits to Fluka Chemie AG, now our Swiss facility in 1984 when there were CHF3.1 = £1.00.
But in 1952 there were CHF 12.24 = £1.00
This link plots the depressing fall in the Pound..
Why We are Broke As a side note, a number of colleagues who work at our Swiss facility in Buchs, SG live in Austria, only 20km or so away. Being paid in CHF but with all living costs in Euros they are rather pleased with the recent actions of the Swiss Central Bank...for now.