Pound falls to 1985 level against dollar, amid recession fears
The British pound hit a record low against the dollar Monday amid rising fears about the UK economy after the government unveiled a huge tax-cutting budget. The pound fell below $1.10 for the first time since 1985 as new finance minister Kwasi Kwarteng announced his controversial mini-budget. It traded at an all-time low of $1.0350 […]
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