GBP follows euro: The pound-dollar rate hits all-time low

2022.09.26 08:30

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GBP follows euro: The pound-dollar rate hits all-time low

The Great British pound sterling has fallen to the lowest level ever against the United States dollar. In a flurry of overnight trading activity, the pound reached lows of 1 pound = $1.04. It lost 5% of its value in a spiral.

The United Kingdom’s sovereign currency, the pound sterling, is the world’s oldest currency that is still in use today. It is currently clinging above USD-pound parity, since regaining $.03 cents, bouncing to 1 pound = $1.07.

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GBP follows euro: The pound-dollar rate hits all-time low