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The Latest Breaking News from British Pound

British pound tanks as Liz Truss tax cut plan sinks in

It's the financial equivalent of a no-confidence vote.

Axios

Cheaper holidays for Brits as pound plummets including Turkey and Poland

Japan, South Korea, Argentina, Turkey, Poland, Sweden and Hungary may be good places for Brits to visit at the moment, as the British pound suffers a major devaluation

Daily Mirror

Sterling recovers after dramatic fall but remains at historic low

After statements from the Bank of England and the UK Finance Minister Kwasi Kwarteng on Monday, the British pound recovered slightly on Tuesday morning but remained at its lowest level in decades against the dollar. All eyes will now be on the UK central bank's November meeting and a potential…

France 24

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Pound to dollar: Why is the sterling so weak?

British pound slumps to lowest level against dollar since 1971 after Kwasi Kwarteng’s mini-Budget

The Independent UK

Pound stabilizes but turmoil continues for UK economy

The British pound has stabilized in Asian trading after plunging to a record low, as the Bank of England and the British government try to soothe markets nervous about a volatile U.K. economy

The Independent UK

Why is the British pound tanking as the US dollar soars?

Sharp fluctuations of major currencies inject new uncertainty into fraught global economic outlook.

Al Jazeera

A mountain of debt and soaring inflation: Challenges await Italy's Meloni

At the head of a right-wing coalition, far-right Brothers of Italy leader Giorgia Meloni is gearing up to become Italy's new head of government. On the economic front, she'll be faced with rising consumer prices as well as the ongoing issue of national debt. Meloni has promised to renegotiate her…

France 24

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Why has the pound hit a record low?

British pound slumps to lowest level against dollar since 1971 after Kwasi Kwarteng’s mini-Budget

The Independent UK

Tax-cut plan pulls British pound to 40-year low against US dollar

The pound trades against the dollar at levels last seen in the early 1980s as the UK struggles to fight inflation.

Al Jazeera

Tax cut plans pull British pound to 4 decade lows

The British pound has resumed a slide that picked up pace last week after the U.K.’s new government outlined plans to cut taxes and boost spending

The Independent UK

Pound sinks in reaction to huge UK stimulus

LONDON: The British pound plunged to a 37-year low and stocks sank after the government delivered the most sweeping tax cuts since 1972, as economists warned that the ambitious plan was unsustainable at a time when inflation is rampant.

Bangkok Post

UK mini-budget shakes the stock market, benefits the wealthy

The new finance minister’s tax cuts send the British pound to a 37-year low.

Al Jazeera

EXPLAINER: How the strong U.S. dollar can affect everyone

The value of the U.S. dollar has been on a tear for more than a year against everything from the British pound across the Atlantic to the South Korean won across the Pacific

The Independent UK

Five ways that the super-strong US dollar could hurt the world economy

The US dollar has been on a major surge against major global currencies in the past year, recently hitting levels not seen in 20 years. It has gained 15% against the British pound, 16% against the euro and 23% against the Japanese yen.

The Conversation

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Benzinga

Updated technical GBPJPY price forecast

Most traders are aware of the rout that the USD is carving into the Japanese yen and the Great British pound.

Benzinga

Is The British Pound Sterling Chart A Good Recession Indicator?

The Oxford Dictionary defines a recession as a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. It is also defined as a period of declining economic performance across an entire economy that lasts several…

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