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 Pound falls to lowest level against dollar since 1985

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oliver clotheshoffe
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oliver clotheshoffe


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PostSubject: Pound falls to lowest level against dollar since 1985   Pound falls to lowest level against dollar since 1985 EmptyWed Sep 07, 2022 2:41 pm
Pound falls to lowest level against dollar since 1985 1iPh5pAm

Sterling fell 0.64% to $1.145 on Wednesday afternoon - a level not seen in 37 years.

The Bank of England said a weaker outlook for the UK economy as well as a stronger dollar were putting pressure on sterling.

Governor Andrew Bailey also warned that little could be done to stop the UK falling into a recession this year as the war in Ukraine continued. He added that it would "overwhelmingly be caused by the actions of Russia and the impact on energy prices".

The Bank expects the economy to shrink in the last three months of 2022 and keep shrinking until the end of 2023.

The warning comes ahead of a government plan to limit a sharp rise in energy bills. It is understood that a typical energy bill could be capped at around £2,500 a year, with new Prime Minister Liz Truss set to announce the details on Thursday.

Currently, a typical household's gas and electricity bill is due to rise from £1,971 to £3,549 in October.

https://www.bbc.com/news/business-62817391
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PostSubject: Re: Pound falls to lowest level against dollar since 1985   Pound falls to lowest level against dollar since 1985 EmptyWed Sep 07, 2022 3:08 pm
Ouch, the pain.
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oliver clotheshoffe
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oliver clotheshoffe


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PostSubject: Re: Pound falls to lowest level against dollar since 1985   Pound falls to lowest level against dollar since 1985 EmptyThu Sep 08, 2022 8:56 am
Pound falls to lowest level against dollar since 1985 1m3tw1
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oliver clotheshoffe
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oliver clotheshoffe


Posts : 1723
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Age : 65

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PostSubject: Re: Pound falls to lowest level against dollar since 1985   Pound falls to lowest level against dollar since 1985 EmptyTue Sep 13, 2022 10:40 am
And the very next day Queen Elizabeth dies...

Hmmm...

Pound falls to lowest level against dollar since 1985 V7Htnoem
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