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British pound slides to an all-time low against the dollar. Here's the impact.

Por: CBS News Politics September 26, 2022

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The pound is taking a pounding.The British currency has plunged, sliding against the U.S. dollar to touch an all-time low. It's a sign of the alarm in financial markets over new Prime Minister Liz Truss' emergency budget measures unveiled last week aimed at jump-starting the ailing economy.Investors are spooked by a sweeping package of tax cuts likely to cost tens of billions of pounds in and amounts to a risky gamble to stave off a... + full article



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