BBCNEWS World Business Report June 4, 2024 05:31:00
We'll have a special report we start with the uk economy, because the pound has jumped to its highest level against the us dollar since before liz truss became prime minister back in august. sterling has been trading at $1.21 to the dollar — a hugejump from the record low of $1.03 it hit in the aftermath of that disastrous budget statement in late september. it is still around 12% lower than it was at the start of the year, but some are predicting the worst could be over for the pound. let's talk to gervais williams from the fund managers premier miton here in london.