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The pound fell to a two-year low against the dollar amid deepening concerns about the UK economy

The pound fell to a two-year low against dollar as fears for the future of the British economy grow amid rising prices and falling consumer confidence.

On Tuesday, sterling fell below $1.19 for the first time since March 2020, when the government announced the first Quarantine for coronavirus infection covid.

It comes as Boris Johnson’s government plunges further into chaos following the resignation of senior figures including Rishi Sunak, chancellor. As he bid farewell to the prime minister, Mr Sunak said part of his reason for stepping down was that the government needed to be honest, that the road to a better future was “not easy”.

The pound fell to a two-year low against the dollar amid deepening concerns about the UK economy

Source link The pound fell to a two-year low against the dollar amid deepening concerns about the UK economy

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