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UK to Unveil Details on Tax Cuts, Energy Subsidies; GBP Hits 37-yr Low vs USD
The British Pound Sterling weakened significantly against the US Dollar, ahead of the announcement of details on the U.K. tax reduction and energy subsidy policies, which involve n...
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UK to Unveil Details on Tax Cuts, Energy Subsidies; GBP Hits 37-yr Low vs USD
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2022/09/23 16:46
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The British Pound Sterling weakened significantly against the US Dollar, ahead of the announcement of details on the U.K. tax reduction and energy subsidy policies, which involve nearly GBP200 billion, from the new Chancellor of the Exchequer of the country, Kwasi Kwarteng.

Once dropping to 1.1151 to set a new trough since 1985, the GBP last stood at 1.1158 against the USD.
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