The canary in the mine is exchange rates.

You could be tempted to let your eyes drift away even when currencies are
collapsing and generating headline news, as the British pound is currently
doing.

Despite their seeming abstraction, exchange rates are crucial to
comprehend, therefore, resist the urge to ignore them. They are the
continuously updated financial markets’ assessment of a nation’s political
and economic health and have immediate repercussions for all of us.

Consider the British pound, often known as sterling.

Compared to the dollar, it has lost around 20% of its value thus far in
2022. That increases the cost of British vacations in the United States by
a fifth.