Britain Pound Sinks As PM Liz Truss Fires Finance Minister
October 14, 2022
8:40 pm
More woes are in line for the economic future of the United Kingdom as the pound had nose dived against the dollar on Friday which is coming on the heels of the British Prime Minister, Liz Truss sacking her finance minister, Kwasi Kwarteng in response to a budget that sparked markets chaos.
The Pound Sterling had reportedly sank 1.2 percent to $1.1188 after Prime Minister Liz Truss had finally dismissed the chancellor of the exchequer and it has been seen that the yield on the 10-year UK government bond dipped to 3.98 percent. It had hit 4.64 percent Tuesday amid …
