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Pound fell against the Albanian Lek, the Lebanese pound, and the Malaysian Ringgit...
27-09-2022, 07:29 AM
The pound has continued to fall hard and is heading towards parity with the US dollar.
Sterling continued its slide on Monday, falling to its lowest since 1971 as the currency was still reeling from the aftermath of Friday’s mini-Budget, raising the odds of an emergency interest rate rise.
Sterling fell as low as $1.0384 in the early hours of Monday, though it recovered to trade around $1.0705 later in the day. The pound also fell hard against the euro to €1.082, the lowest level since September 2020.
https://moneyweek.com/currencies/605365/...since-1985
Sterling continued its slide on Monday, falling to its lowest since 1971 as the currency was still reeling from the aftermath of Friday’s mini-Budget, raising the odds of an emergency interest rate rise.
Sterling fell as low as $1.0384 in the early hours of Monday, though it recovered to trade around $1.0705 later in the day. The pound also fell hard against the euro to €1.082, the lowest level since September 2020.
https://moneyweek.com/currencies/605365/...since-1985
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