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Pound sterling at lows against dollar, fears of recession


The pound Sterling hit a record low against the dollar on Monday (September 26th), as London's budget announcements worried investors about the...

The pound sterling hit a record low against the dollar on Monday, September 26, with budget announcements from London worrying investors about the health of British public finances, in a country that may already be in recession.

Faced with a resilient dollar thanks to its safe haven status, the pound plunged to $1.0350 around 0125 GMT, Bloomberg data showed, with analysts warning it could even hit parity with the greenback.

Source: lefigaro

All business articles on 2022-09-26

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