Pound hits lowest since 1985, plunges under US$1.10

Pound hits lowest since 1985, plunges under US$1.10

5 days ago

LONDON – The British pound tumbled yesterday to a 37-year low under US$1.10 (RM5.04) as a tax-cutting UK budget sparked public finance concerns while recession fears mounted. In afternoon deals, sterling slumped 2.7% to US$1.0956, which was last seen...

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