Video Duration 23 minutes 45 seconds From: Inside Story
The British pound crashes to an all-time low against the US dollar.
The British pound is struggling to hold value against the United States dollar after hitting an all-time low.
The fall is raising concerns about the United Kingdom’s economy and its appeal to international investors.
The new British government unveiled major tax cuts based on borrowed money, and many are concerned about the amount that is needed.
That has led to days of volatility in the value of sterling and undermined its status as a reserve currency.
What is the fallout on an already struggling economy, both in the UK and outside?
Presenter: Hazem Sika
Vicky Pryce – Chief economic adviser at the Centre for Economics and Business Research
Jonathan Lis – Political commentator
Brian Lucey – Professor of international finance and commodities at Trinity Business School
Published On 27 Sep 2022