The pound falls against the dollar to its lowest level since 1985

The pound falls against the dollar to its lowest level since 1985
The pound falls against the dollar to its lowest level since 1985

Sterling fell to a new 37-year low against the US currency and a 19-month low against the euro today after weaker-than-expected retail sales data fueled fears about the UK economy.

The pound fell more than 1 percent against the U.S. dollar to $1.1351, its lowest level since 1985. while a while ago it was moving at 1.1404 dollars. The euro rose to 87.71 pence today, its highest since February 2021. It was up 0.39% at 87.45 pence earlier.

Today’s drop came after data showed retail sales by volume fell 1.6% month-on-month in August – the biggest drop since December 2021 and worse than all economists forecast in a Reuters poll.

News today:

ELAS: Big fraud through phone calls with the bait “criminal pending cases”

Youth mortgages: 19 questions and answers about earnings, timing, beneficiaries

Kalamata: This is the 62-year-old presenter who molested children


The article is in Greek

Tags: pound falls dollar lowest level

NEXT At least 19 dead in the protests over the death of the 22-year-old