Pound drops to 37-year low against US dollar
GBP/USD rate falls below 1.12 for first time since January 1985
Table of Contents (Show / Hide)
The British pound slipped to 1.1187 against the US dollar on Friday, its lowest level in 37 years.
The drop came a day after both the US Federal Reserve and the Bank of England hiked interest rates by 75 and 50 basis points, respectively.
It marks the first time the GBP/USD rate has fallen below 1.12 since January 1985.
URL :
News ID : 1284
Norwegian government intervenes to end ongoing oil and gas strike
More data needed to prove inflation is falling, says Fed chair
Sam Bankman-Fried slapped 25-Year Prison Sentence for fraud
Schools in UK struggle amid soaring energy bills, cost of living
Minimum wage in Greece to be raised by 9.4%
Yen slides to 24-year low against dollar
World Bank warns of slowing global growth, widening inequality
US dollar index climbs to highest in almost 20 years
Despite Biden's vows, Yemen starves
Oil up as cheap dollar boosts investor sentiment
