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Tag Archives: Prime Minister Liz Truss

British pound slumps to a 37-year low; Now 1 pound=1.14 US dollar or 91 INR

Pounds/IANS

Sep 16 (IANS) The British pound slumped to a 37-year low on Friday after new data showed that shoppers are pulling back spending as inflation squeezes household budgets, underscoring fears that the economy may already be shrinking, media reports said. The currency fell below $1.14, its lowest since 1985, after the Office for National Statistics said that retail sales in August ...

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