Why the Pound Fell to a Record Low and What That Means for the UK Economy

Send us a text Two months ago, the British government released a “Growth Plan” that talked about tax cuts worth about $45B. That led to a series of events that culminated in Lis Truss going into the history books as the shortest-termed Prime Minister in the UK. Things are not looking good for the UK economy, with interest rate hikes and soaring inflation! Add to that the Sterling Pound Specifically, Sterling Pound has fallen against the dollar by around 20% since the start of the year and inf...