Wow...I remember when the British pound was worth more than the dollar.
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British Pound Touches Record Low Against Dollar.
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British Pound Touches Record Low Against Dollar.
Global investors’ resounding rejection of the new British government’s plans for tax cuts and borrowing continued Monday, with the pound briefly falling to its weakest level against the U.S. dollar on record, leading the central bank and Treasury to speak out in an attempt to soothe markets. Extending its losses after a historically bad day on Friday, when the tax plan was announced, the British currency plunged as low as $1.035 in the early... -
The man holding the office of chancellor is a Black man.
The chancellor is the third-oldest major state office in English and British history, and in recent times has come to be the most powerful office in British politics after the prime minister.
It's equivalent to a Finance Minister or the head of the Federal Reserve.
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