In the US, the question is whether sterling's crash takes it below the dollar - or just close 🔍 Analysis by SimonMarksFSN
Pound to sink below dollar after UK’s mini-Budget, US experts predict, as analysts warn of ‘currency crisis’UK holidaymakers headed to Florida or Las Vegas may be in for a shock, and American economists are struggling to understand Kwasi Kwarteng’s decisions
“It would not surprise me if the pound eventually gets below a dollar”, he told Bloomberg TV, arguing that “this is simply not the moment for the kind of naïve, wishful-thinking supply-side economics that is being pursued in Britain”. But Larry Summers is not the only observer warning that sterling is now acting like an emerging-market currency.
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