Economic news

Review: Pound slumps to one-month low, on track for worst week in a year

The pound dipped to its lowest level against the greenback in a month on Friday, heading for its worst week in a year, amid the crisis surrounding Theresa May and slow growth in UK economy.

Sterling dropped to as low as $1.3060 in early trade, its weakest level since Sept. 7.

Versus the euro, the British currency sank 0.3 percent to a three-week trough of 89.94 pence.

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  • avatar-6228
    George Jk
    • #

    Tory may have to change the leader. Investors perceive this as a factor of uncertainty, and if something like this actually happens, the pound will capitulate even lower

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