The pound fell to its lowest level in 37 years against the dollar before Liz Truss was elected as the new Prime Minister.
The pound fell to its lowest level in 37 years against the dollar beforeSterling was below its pandemic lows against the dollar on Monday morning after weeks of weakening as markets awaited the announcement of the new PM.
But the announcement of the new Conservative Party leader could put further pressure on the pound, although one analyst said the appointment of Ms Truss could lead to a short-lived bounce. Ms Ozkardeskaya added: ‘The pound is expected to continue its journey toward parity against the US dollar, as the dollar continues rising relentlessly.
Belgique Dernières Nouvelles, Belgique Actualités
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