The British pound fell to $1.1170, its weakest level since early 1985, after the Bank of England raised borrowing costs by 50 basis points on Thursday and then the Federal Reserve announced a three-point increase, according to Agence France-Presse. , a quarter of a point, amid expectations of additional increases.”

And she pointed out that “while central banks around the world are raising the cost of lending, the Federal Reserve in particular has taken a tough stance as officials have stressed they will not back down until inflation reaches its highest level in four decades.” , will not be stopped. control, even if it is done for economic reasons.

She pointed out that “investors’ eyes are now on London, where new finance minister Kwasi Kwarting is expected to announce a mini-budget aimed at supporting families and businesses.”

She also explained that “the dollar rose against the euro to $0.9753, an unprecedented drop for a single European currency in twenty years.”