THE GUARDIAN: Sterling drops by more than 1% against dollar to $1.1351, its lowest since 1985
The pound sank to a fresh 37-year low against the dollar on Friday after weaker than expected retail sales raised fears that the British economy is already in recession.
Sterling fell by more than 1% against the currency to $1.1351, its lowest since 1985, partly reflecting broader dollar strength as well as specific concerns about the outlook for Britain. The pound also hit a 17-month low against the euro, with €1 worth 87.66p.
It came as the latest official data showed cash-strapped consumers cut back on spending by more than expected in August, when retail sales volumes in Great Britain fell by 1.6%. Economists had predicted a more modest fall of 0.5%. » | Phillip Inman | Friday, September 16, 2022
The Brexit pound is looking pretty weak and pathetic, isn't it? Never mind! We've got our blue passports back now; so you'll be able to sleep better at night.
Brexit, of course, is not the cause of this recession, but it sure isn't helping any. Gee thanks, Farage! And all your stupid, selfish cohorts. But hey! You'll be sitting pretty even if so many Brits will have to starve and/or freeze to death this winter. In German, we would call the lot of you ein Lumpenpack! Go look it up, Nige (et al), it suits you dorks to a T. – © Mark Alexander
