Pound Isjust News Today

we begin with the turmoil on financial markets — today, the pound sterling continues to languish against the us dollar and several other currencies. the slide in its value was triggered by last weeks mini budget, with its controversial package of tax cuts. lets get historical for a moment. we have records for sterling against the dollar going back through history, and in the early hours of monday morning it reached an all time low — that is since the creation of the us currency in ...

On that in a moment. and the chancellor kwasi kwarteng has announced he will set out his medium—term plan with detail on how the government will eventually lower debt — but thats not for another eight weeks. lets take a look at how markets are doing now. as you can see, a pound isjust buying $1 and nearly 8 cents. not quite there yet. still at multi—year lows, and the pound versus the euro as well. in share markets, it is a mixed picture. if we look at the next board to show you what happe...