British pound
The British pound reached an all-time low against the US dollar on Monday. The development is coming less than a week since the pound plummeted to $1.13 — its lowest level since 1985 — before regaining ground. The pound dropped 3.6 per cent on Friday when Kwasi Kwarteng, UK’s finance minister, unveiled historic […]
The British pound has fallen to its lowest level against the U.S. dollar since 1985. The currency fell to $1.1407 on Wednesday afternoon — a level not seen since the premiership of Margaret Thatcher. The United Kingdom (UK) is said to be battling double-digit inflation, an energy crisis, and a possible recession. The pound’s […]
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