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UK economic crisis could see sterling plunge to 200-year low
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fnlondon.comThe British pound slid to its lowest level against the US dollar since 1985, a reflection of the UK’s dire economic situation. Investors are braced for sterling to weaken even further to a nadir not seen in more than two centuries of trading across the Atlantic.
The pound fell 0.3% on 5 September in early trading in Asia to $1.1475, according to FactSet. That is the lowest since 1985. Sterling’s descent is in part a side effect of the relentless US dollar rally, which has driven both the euro and Japanese yen to multidecade...
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