© Reuters. FILE PHOTO: Woman holds British Pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration By Tom Westbrook and Alun John SYDNEY/LONDON (Reuters) – The dollar on Tuesday took a pause in what has been a relentless climb higher as the euro and even the besieged Japanese yen and British pound managed… […]
The pound plunged almost 5% to $1.0350 during Asian trading Monday, beneath its previous 1985 low. The UK government’s tax-cutting has spooked investors, and a minister hinted Sunday more cuts are coming. Analysts said the Bank of England may need to make an emergency interest rate hike to support the pound. Loading Something is loading.… […]
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