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Pound Sinks 2% Against Dollar

Channels Television  
Updated September 23, 2022

 

 

The British pound tumbled two percent against the dollar Friday, as recession fears intensified following poor data despite UK government efforts to drive growth.

Following Britain’s tax-cutting budget, sterling plunged to $1.1042, the lowest level since 1985, also after survey data showed the UK economy was likely in recession.