Phrase ‘Sound As A Pound’ Officially Changed ‘To Sound As A Euro’ As Sterling Plummets

THE Oxford Institute of phrases has today officially announced that the age old term ‘sound as a pound’ has been officially changed to ‘sound as a euro’ following a terrible 18 months for the British currency.

Sterling today fell to a new two-month low as the lack of any major economic data encouraged investors to add bets against the British currency, leaving the Oxford institute no other option but to file for the new phrase to be instated.

“We pride our phrases on their accuracy,” institute chairman Derek Smith told WWN today after an official ‘phrase burning ceremony’ in Oxford university, “so obviously with the pounds latest decline we had no other choice but to scrap the old phrase for a new one, albeit one that doesn’t rhyme as well as the original”.

To explain the phrase, Mr. Smith pointed out that the use of the word ‘sound’ was to show security, with the reference to the British pound to show strength, allowing the phrase to apply to whatever you are referring to – therefore showing approvement for something.

“It was originally used in the days when the pound coin was first introduced when it had a good exchange rate,” he added, “unfortunately now it’s all gone to shit since Brexit and we’ve lost our phrase to the euro”.

As of the time of writing, one euro is the equivalent of 92 pence, its weakest since 27 June, falling nearly 3% so far this month and is set for its biggest monthly decline since October 2016.

Sound.