The pound fell to a thirty-seven-year low
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As follows from the quotes of the British aggregator Exchange rates, the pound sterling is currently trading at $1.13 and €1.14. This is the most critical fall of the currency against the dollar since March 1985, against the euro since the beginning of 2021.
Last week the pound also became cheaper to record levels. Then the British currency was trading for €1, which was the lowest since December 2002.
Analysts Financial Times link the weakening of the pound with the coming to power of the new Prime Minister Liz Truss. Previously, she announced a series of economic reforms that provide for state intervention in the formation of electricity prices for households.
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