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Published 2 years ago

Is it Bitcoin’s time to shine? British pound drops to all-time low against the dollar

Summary by Ground News
On Sept. 26 the British Pound hit a record low against the U.S. dollar. The volatility reflects investors' doubts about the government's capacity to withstand the growing costs of living across the region. The GBP is the world's oldest currency still in use and it has been in continuous use since its inception.

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CBS NewsCBS News

British pound slides to an all-time low against the dollar. Here's the impact.

Financial markets reacted with alarm to new U.K. Prime Minister Liz Truss' emergency budget measures.

2 years ago
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Business InsiderBusiness Insider

The British pound plunged to an all-time low against the US dollar this week. Here's what happened, and what it means.

The pound's slump prompted the International Monetary Fund to urge the UK government not to cut taxes as it might undermine its fight against inflation.

2 years ago·United States
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CointelegraphCointelegraph

Is it Bitcoin’s time to shine? British pound drops to all-time low against the dollar

The U.S. dollar is the clear winner as investors seek shelter, but could the British pound's weakness be a positive for Bitcoin?

2 years ago
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Bitcoin.comBitcoin.com

British Pound Taps All-Time Low Against US Dollar Following BOE’s 50bps Rate Hike

The world’s oldest fiat currency, the British pound sterling, slid to an all-time low against the U.S. dollar at a little after 1 a.m. (ET) Monday

2 years ago
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coinxhighcoinxhigh

Is it Bitcoin’s time to shine? British Pound drops to all-time low against the dollar

On Sept. 26 the British Pound hit a record low against the U.S. dollar following the announcement of tax cuts and further debt increase to curb the impact

2 years ago
Read Full Article
Crypto Biz DailyCrypto Biz Daily

British Pound Taps All-Time Low Against US Dollar Following BOE's 50bps Rate Hike – Bitcoin News - Crypto Biz Daily

The world’s oldest fiat forex, the British pound sterling, slid to an all-time low towards the U.S. greenback at a little bit after 1 a.m. (ET) Monday morning. On the time, the pound tapped 1.0327 nominal U.S. {dollars} per unit, however rebounded towards the dollar to 1.0775 by 11 a.m. Monday morning. Pound Sinks In […]

2 years ago
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