Following a “mini-budget” presented by new U.K. Chancellor of the Exchequer Kwasi Kwarteng last Friday, the British pound has fallen to an all-time low against the U.S. dollar. From a high of $2.50 to £1 in 1971, the pound crashed to $1.033 on Monday morning. It has since recovered to $1.08. The steep decline is […]
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