Pound falls to 37-year low against dollar; UK economic woes deepen in September – business live

Sterling weakest since 1985 against US dollar, as Kwasi Kwarteng presents mini-budget and UK economic downturn worsens

Kwasi Kwarteng’s (expected) pledge to “turn the vicious cycle of stagnation into a virtuous cycle of growth” hasn’t sparked much excitement in the City.

The blue-chip FTSE 100 index has lost 0.6% this morning, dropping to its lowest since mid-July.

The FTSE 250 index has lost 22% so far this year, with the latest 0.5% rate hike from the Bank of England adding to tightening concerns at a time when growth is flat to non-existent.

It is expected that the government will unveil a new “fiscal event” later in a mini-budget which should involve tax cuts and increased spending in an attempt to stimulate growth. It remains to be seen how effective such moves might be, given the wider pressures affecting economies globally.”

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pound falls to 37-year

@HenryKimbory

RT @WatcherGuru: JUST IN: British Pound falls to 37-year low of $1.08

Posted on: 2022-09-30 03:39

@Emmanueliy1

RT @WatcherGuru: JUST IN: British Pound falls to 37-year low of $1.08

Posted on: 2022-09-30 01:43

@DBMN4

RT @WatcherGuru: JUST IN: British Pound falls to 37-year low of $1.08

Posted on: 2022-09-30 01:11

@ChiGodboy

RT @WatcherGuru: JUST IN: British Pound falls to 37-year low of $1.08

Posted on: 2022-09-30 00:49

@ccarlamontano

RT @WatcherGuru: JUST IN: British Pound falls to 37-year low of $1.08

Posted on: 2022-09-30 00:45

@nikhil_joon

RT @WatcherGuru: JUST IN: British Pound falls to 37-year low of $1.08

Posted on: 2022-09-29 11:07

@WitchITNFT

RT @WatcherGuru: JUST IN: British Pound falls to 37-year low of $1.08

Posted on: 2022-09-29 10:49

@Mashovasavael

RT @WatcherGuru: JUST IN: British Pound falls to 37-year low of $1.08

Posted on: 2022-09-29 09:02

@GioksStacia

RT @WatcherGuru: JUST IN: British Pound falls to 37-year low of $1.08

Posted on: 2022-09-29 08:31

@Basantc37418944

RT @WatcherGuru: JUST IN: British Pound falls to 37-year low of $1.08

Posted on: 2022-09-29 07:53

@William49052570

RT @WatcherGuru: JUST IN: British Pound falls to 37-year low of $1.08

Posted on: 2022-09-29 04:40

@GloriaEnid6

RT @WatcherGuru: JUST IN: British Pound falls to 37-year low of $1.08

Posted on: 2022-09-29 03:50

@0x_Marrrty

RT @WatcherGuru: JUST IN: British Pound falls to 37-year low of $1.08

Posted on: 2022-09-29 03:24

@Resigen_eth

RT @WatcherGuru: JUST IN: British Pound falls to 37-year low of $1.08

Posted on: 2022-09-29 01:52

@philosophylinks

RT @KarlTurnerMP: Pound falls to fresh 37-year low as Government borrowing doubles ⁦@Telegraph⁩ https://t.co/I11Xo8YJRu

Posted on: 2022-09-29 00:03

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