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BBCNEWS World Business Report July 7, 2024 - Vimarsana News

BBCNEWS World Business Report July 7, 2024

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 week's mini budget, with its controversial package of tax cuts. let's 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 1792. let's take a closer look at the past few days — the dollar has been strong but this furthe...

BBCNEWS World Business Report June 4, 2024 04:33:00 - Vimarsana News

BBCNEWS World Business Report June 4, 2024 04:33:00

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 that's not for another eight weeks. let's 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 happened on wall street, we have a fall on wall street, we have a fall on the main markets with the smb...