British Pound Hits Record Low Against the Dollar, Raising Inflation Concerns
The British pound has hit an all-time low against the US dollar after the new UK Chancellor of the Exchequer Kwasi Kwarteng released a “mini-budget” on Friday. The British pound plunged to $1.033 on Monday morning after reaching a peak of $2.50 to £1 in 1971. Since then, it has increased to $1.08. The sharp … Read more