Written by Teena Marian
26 Sep, 2022 | 12:19 pm
COLOMBO (News 1st); The British pound plunged to a record low on Monday morning in Asia, following last week’s announcement by the new U.K. government that it would implement tax cuts and investment incentives to boost growth.
Sterling briefly fell 4% to an all-time low of $1.0382 on Monday in Asia.
Critics say those economic measures will disproportionately benefit the wealthy and could see the U.K. take on high levels of debt at a time of rising interest rates.
Today’s exchange rates from the Central Bank of Sri Lanka:
29 Nov, 2022 | 07:35 AM
29 Nov, 2022 | 07:02 AM
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