The British pound has fallen to a record low against the US dollar will mean beer prices rise, a major brewery boss says.
Sterling fell by more than 4% to $1.0327 early on Monday morning, having already fallen on Friday following Chancellor Kwasi Kwarteng's 'mini-budget '.
The slump means the pound as its lowest rate versus the dollar since Britain adopted decimalisation in 1971. It means goods bought from the US - or, in the case of oil, paid for in American dollars - will cost more in the UK, as Brits' currency is worth less than before compared to the USA's.
