The British pound has fallen to its lowest level against the US dollar since 1985.
JUST IN – British pound falls to lowest level against US dollar since 1985
— Insider Paper (@TheInsiderPaper) September 7, 2022
The British currency is getting closer and closer to reaching parity with the US dollar.
$1 > 1 Euro € recently
£1 = $1.14
Will the British pound sink to parity with the dollar? Sure, why not?https://t.co/NOx1Mf7tKt
— Ryan Maue (@RyanMaue) September 4, 2022
European economies are becoming increasingly dysfunctional because of the self-inflicted energy crisis they have imposed on themselves.
The US dollar is likely going to become stronger against the British pound just as it has against the euro. That’s simply because the United States, while in a very bad economic position, isn’t in as bad of an economic position as Europe is.
