ICICI Direct, The pound dropped yesterday to levels last seen in March 1985 amid a sharp rise in the US dollar.
September 22, 2022 / 09:22 AM IST
Representative image
ICICI Direct’s currency report on GBPINR
The pound dropped yesterday to levels last seen in March 1985 amid a sharp rise in the US dollar. Further, the sterling was pressurised after data showed Britain’s budget deficit was bigger than expected in August. However, further downside was restricted as the British government said it would cap wholesale electricity and gas costs for businesses at less than half the market rate from next month.
For all Currency report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
22092022 – currency
`); } if (res.stay_updated) { $ (“.stay-updated-ajax”).html(res.stay_updated); } } catch (error) { console.log(‘Error in video’, error); } } }) }, 8000); })
