Flash News

Gunfire in Durres, a 30-year-old man is injured

Accident on Arbri Street, car goes off the road, two injured

Arrests of "Bankers Petrolium", Prosecution provides details: Exported and sold 532 billion lek of oil, caused millions of euros in damage to the state

Ndahet nga jeta tragjikisht në moshën 28-vjeçare ylli i Liverpool, Diogo Jota

Posta e mëngjesit/ Me 2 rreshta: Çfarë pati rëndësi dje në Shqipëri

Bota

The pound falls to record lows against the dollar, the biggest drop since 1985

Politiko 2022-09-26 08:58:03

The pound falls to record lows against the dollar, the biggest drop since 1985

The pound has hit a historic low against the US dollar. British media reported that the pound fell by nearly 5% this morning, the lowest level since 1985. One pound is equal to $1.0327.

The tax cut package prompted the market to give a verdict on the sustainability of public finances, given the additional demands it will impose on borrowing.

The problem for both the UK and Europe is that weak currencies raise import costs in dollars, further fueling inflation.

Latest news