Why Did The Pound Drop?
The pound dropped to $1.08.
People both inside and outside of Westminster were left wincing on Monday as the pound dropped to a record low not seen in almost 40 years.
After plummeting to around $1.03 (in US dollars) early in the morning, it had bounced up a little to £1.08 within 24 hours – but the rapid decline is still worrying many, including Tory MPs who previously backed Liz Truss.
It’s not just against the US dollar either, it’s currencies around the world, although this...
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