Sterling suffered worst month since Brexit

In August, Sterling suffered its sharpest monthly fall against the US dollar post-Brexit, as political uncertainty and a historic cost-of-living crisis weigh heavily on the British currency. Sterling dropped 4.5% against the greenback last month and continued to slide on Thursday, last trading just below $1.16 by mid-morning in London. The pound also fell nearly 3% against the euro last month.

Source: cnbc.com


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