The pound on Monday struck an all-time low at  US$1.0327. Photo: EPA-EFE
The pound on Monday struck an all-time low at US$1.0327. Photo: EPA-EFE
Britain

Explainer |
The British pound has taken a tumble. What’s the impact?

  • The British pound hit a record low against the US dollar on Monday, following a huge tax-cutting budget last week
  • Britain is facing a cost-of-living crisis with soaring energy prices coupled with inflation and wage stagnation

The pound on Monday struck an all-time low at  US$1.0327. Photo: EPA-EFE
The pound on Monday struck an all-time low at US$1.0327. Photo: EPA-EFE
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