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In a true vote of confidence in the new prime minister, the British pound falls to its lowest level against the US dollar since 1985


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Perhaps the UK should ask India for some assistance?

 

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WWW.CNBC.COM

Sterling fell to $1.1407 in afternoon trade in London as investors responded to the U.K.'s darkening economic landscape with a new prime minister at the helm.

 

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The British pound on Wednesday plummeted to its lowest level against the U.S. dollar since 1985.

 

Sterling fell to $1.1407 in afternoon trade in London — a level not seen in 37 years — as investors responded to the U.K.’s darkening economic landscape with a new prime minister at the helm.

 

It was last seen trading down 0.4% at $1.1469.

 

 

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