Uncategorized

GZERO: The tumbling British pound. & one wonders about the implications of the Brexiteers decision to sail off into the sunset of imperialism and Empire of days gone by.

Fred Bassett's avatarPosted by
UK Prime Minister Liz Truss’ recent attempt to stimulate the country’s inflation-ridden economy by pushing for massive tax cuts has sent the markets into a tailspin and caused the British pound to plummet in value against the US dollar. But even before this episode – and the government’s subsequent policy U-turn – sterling had been steadily declining amid the Brexit fallout. It also doesn’t help that the US dollar is at its strongest level in years. We take a look at the value of the British pound against the greenback since 2000.

Leave a comment