Tag Archives: British pound

London, UK | Xinhua | The British pound fell to a record low against the U.S. dollar on Monday as the largest tax cuts announced by the United Kingdom’s (UK) government for half a century undermined international confidence. The pound tumbled more than 4 percent to trade as low as 1.035 …

  The pound collapsed to a 31-year low and there was pandemonium on currency, equity and oil markets Friday as Britain voted to leave the European Union, fuelling a wave of global uncertainty. Sterling crashed 10 percent to $1.3229 at one point, its weakest level since 1985, while the greenback …