Liz Truss Kwasi Kwarteng Manchester Greece reports country economy Liz Truss Kwasi Kwarteng Manchester Greece

Pound hits all-time low as fallout from Kwasi Kwarteng's 'mini-budget' continues

Reading now: 795
manchestereveningnews.co.uk

The pound has hit an all-time low against the dollar while Chancellor Kwasi Kwarteng has defended his tax cuts, which benefit high earners most.

Sterling slumped last Friday (September 23) moments after the new Chancellor revealed his 'mini-budget' in the House of Commons.

And there was more bad news as markets reopened in Asia in the early hours of this morning (Monday) as the pound hit a record low against the dollar.

During early trade, Sterling fell by more than 4% to just 1.0327 dollars, before it regained some ground to about 1.05 dollars.

Read more on manchestereveningnews.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA