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British pound plunges to record low against dollar
Friday, 26 Sep, 2022
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Good news for foreign travellers planning London trips.
The pound sterling has plunged to a record low against the dollar as the UK announced sweeping tax cuts
In early trading, sterling was almost at to the dollar at $1.03 before recovering to about $1.07.
It means more expensive transatlantic trips for Brits.
Inflation in the UK is at a 40-year high of 9.9%.
The poorly performing pound may lead to even higher energy bills despite the government recently announcing a cap on prices.
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