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The British pound fell against the dollar to its lowest level since 1985

2022-09-07T15:12:10.569Z


London-SANA The price of the pound sterling against the dollar fell by 0.9 percent in today’s trading, recording its lowest level


London-Sana

The price of the pound sterling against the dollar fell by 0.9 percent in today's trading, recording its lowest level since 1985.

The pound fell to $1.1418, down 0.9 percent.

The euro hit $0.9917, its lowest since late 2002.

The dollar rose to 144.99 yen, or 1.5 percent, a level not reached since August 1998.

The European Central Bank is expected to raise interest rates tomorrow, but these expectations are not enough to support the currency in light of the faltering economy.

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Source: sena

All business articles on 2022-09-07

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