by Landen Bechtelar II
Published 2 years ago
Updated 2 years ago
Experts say the pound declined so sharply because many investors are wary of British Prime Minister Liz Truss's proposal to increase government borrowing to pay for tax cuts. Her government says the tax cuts will generate more economic activity and, in turn, higher tax revenue.3 days ago
Can you get back less than you invested?
Important information: The value of investments and the income from them, can go down as well as up, so you may get back less than you invest.
Is Brexit a friend of the pound?
Brexit too has not been a friend to the pound, and reports that the UK may trigger the Article 16 safeguard clause to reverse Northern Ireland’s post-Brexit agreement are not helping mend the relationship.
Do interest rates and currencies go hand in hand?
Typically, interest rates and currencies go hand in hand. The lower the rate, the less attractive the currency.
34 hours ago
· The pound has slumped to its lowest level against the dollar since 1971 after chancellor Kwasi Kwarteng announced a raft of tax cuts. Sterling dropped by 4.9 per cent to …
21 hours ago
· Why is the pound weak?The pound reached a record low against the dollar yesterday morning, down 4.9 per cent to below $1.0327 after Asian markets opened for the ...
14 hours ago
· The pound is super weak right now. It fell sharply to $1.35 last week, a low point for the year, following the Bank of England’s decision not to raise interest rates. It’s struggled …
25 hours ago
· Why did the British pound fall sharply over the past week? What does a falling pound mean for Britain’s cost-for-living crisis? How will the weak pound affect people visiting …
23 hours ago
· The fall in the pound comes after a surge in the US dollar's value; Part of the reason is down to the US being less exposed to high energy prices caused by the Russian …
2 hours ago
· Why is the pound so weak? The pound fell sharply on Friday (September 23) after Chancellor Kwesi Kwarteng announced his Plan for Growth. Investors, sceptical about the …
32 hours ago
· The pound has lost over 350bps against the Dollar sitting in the 1.08 territory, whilst dropping to 1.12 against the Euro and hitting the lowest level against the Swiss Franc …
2 hours ago
· There is genuine weakness in the pound against the dollar and it’s largely due to the market’s bearish view of a recession in the UK economy. With economic growth stunted …
