British Pound Dives With Warnings Of BOE Intervention

The British Pound hit a record low against the U.S. Dollar on Monday, leaving many wondering what caused the decline and what it means for the United Kingdom. This drop Friday was the second largest single-day selloff of the currency since 2016 when the U.K. voted to leave the European Union.

K. introduces regulations to spark consumption amidst double-digit inflation.

The Pound experienced the second largest single-day selloff since 2016.

The currency’s value hit a record low against the U.S. Dollar on Monday.

Food Imports and energy bills are expected to continue their rise in Britain.

Throughout this year, many major global currencies have declined in value against the US Dollar. The United States Federal Reserve's commitment to fighting hawkish inflation by consistently raising interest rates has only exacerbated this trend, with the most recent 75 basis point rate hike occurring last Wednesday. In July, even the Euro became even with …

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