currencies

The pound sterling falls to a record low against the dollar |  CNN Business

The pound sterling falls to a record low against the dollar | CNN Business

CNN Business — The British pound fell to a new all-time high against the US dollar of $1.035 on Monday, falling more than 4%. The fall came at the opening of trade in Asia and Australia on Monday, extending a 2.6% decline from Friday – and boosting forecasts that the pound could plunge to parity …

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Rupee Hits All-Time Low As Major Currencies Crack Against Dollar

Rupee hits all-time low as major currencies crack against dollar

The rupiah hit a new all-time low against the dollar, marking the third straight session of record highs broken, plunging well past 81.50 to the dollar on Monday as the greenback rose sharply to multi-year highs against most major currencies for fear of a global recession from rising borrowing rates around the world. Bloomberg last …

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The pound sterling falls to a record low against the dollar |  CNN Business

The pound sterling falls to a record low against the dollar | CNN Business

CNN Business — The British pound fell to a new all-time high against the US dollar of $1.035 on Monday, falling more than 4%. The fall came at the opening of trade in Asia and Australia on Monday, extending a 2.6% decline from Friday – and boosting forecasts that the pound could plunge to parity …

The pound sterling falls to a record low against the dollar | CNN Business Read More »

The pound plunges after the publication of the budget of the new British government

The pound plunges after the publication of the budget of the new British government

Britain’s newly formed government unveiled its budget plans on Friday morning – and the reaction from global financial markets is more than stunning. Why is this important: Essentially, the markets treat the UK as they treat emerging markets, which are seen as not having the same reliable and disciplined economic policy-setting institutions as wealthier nations. …

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