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What U.K. pound sterling slump against U.S. dollar means for Americans

Por: Newsweek World September 26, 2022

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The British pound plummeted to a new record low against the U.S. dollar on Monday, after the U.K. government announced the most significant tax cuts in 50 years while boosting spending at the same time.The pound has been under pressure due to the strength of the dollar after it plunged nearly 5 percent to $1.035, its lowest since 1971.The slide followed as trading opened in Asia and Australia, extending the already 2.6 percent dive from Friday,... + full article



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