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British pound plummets to near parity with U.S. dollar, before bouncing back


Business | 117332 hits | Sep 27 8:54 am | Posted by: DrCaleb
8 Comment

The British pound fell to its lowest level against the U.S. dollar since 1985 before bouncing back on Monday, as investors digest the U.K. government's plans to stimulate the economy by cutting taxes.

Comments

  1. by avatar DrCaleb
    Tue Sep 27, 2022 3:56 pm
    Hmmm. Cutting taxes leads to falling currency value because of the likelihood of increased borrowing. It's like Conservatives don't learn from history.

  2. by avatar Tricks
    Tue Sep 27, 2022 4:21 pm
    Or they do and they just want to keep poor people poor.

  3. by avatar xerxes
    Tue Sep 27, 2022 8:13 pm
    Not even a month in and she�s going full Thatcher. Watch her get turfed by the end of the year at this pace. The Pound has lost over 15% of its value since she became PM.

  4. by avatar DrCaleb
    Wed Sep 28, 2022 1:43 pm
    Bank of England will buy U.K. bonds at 'whatever scale' necessary to halt crash

    How is your tax cut now? Are you saving people money? Putting more in their pockets?

  5. by avatar raydan
    Wed Sep 28, 2022 1:59 pm
    Selling England by the Pound - Genesis

  6. by avatar DrCaleb
    Wed Sep 28, 2022 4:02 pm
    IMF openly criticises UK government tax plans

  7. by avatar Scape
    Thu Sep 29, 2022 6:52 pm


    https://www.youtube.com/watch?v=On-tAvm ... WL&index=3

  8. by avatar Scape
    Fri Sep 30, 2022 2:52 am


    https://www.youtube.com/watch?v=w-V5FVludFk



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