British Pound Plunges To Record Lows
The British pound plunged to an all-time low against the U.S. dollar Monday as investors ran for the exits after the new government’s fiscal plan threatened to stretch Britain’s finances to their limits.
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The Bank of England has launched a consultation on the creation of a digital British currency, the London Standard reports. If introduced, the new British pound would have intrinsic stable value and would be issued by the Bank of England, not the private sector.
The UN atomic watchdog said Thursday it believes that Iran has further increased its stockpile of highly enriched uranium and criticized Tehran for continuing to bar the agency’s officials from accessing or monitoring Iranian nuclear sites.
The British pound plunged to an all-time low against the U.S. dollar Monday as investors ran for the exits after the new government’s fiscal plan threatened to stretch Britain’s finances to their limits.