As markets opened this morning, the pound headed towards the $1.21 mark, the lowest level since November 2023. UK borrowing costs are also up, along with the oil price. Meanwhile, read our posts ...
But Tony Redondo, founder at Cosmos Currency Exchange, said this could go all the way down to $1.15. "The pound has already fallen by over 2.5% against the euro and by nearly 5% against the dollar ...