THE pound has fallen to its lowest level against the dollar since decimalisation in 1971. Sterling fell by more than 4% to just $1.03 in early Asia trade before. Sterling gained some ground to abou…
A fall in the value of sterling is bad news for holidaymakers, who will find they get less travel money at the Foreign Exchange.
If the pound to dollar exchange rate drops to $1.1/£1 then you'll only get $110 for £100 holiday spending money. These are specific debit and credit cards designed for using abroad, which won't charge you for each transaction like a standard card will.
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Pound sinks to record low against the dollar as chancellor and prime minister defend mini-budgetSterling's decline continued as trading opened in Asia and Australia on Monday - fuelling fears sterling could plunge to parity with the US dollar by the end of the year.
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Pound slumps to record low against dollarSterling plunged to below $1.04 as global markets react to the UK's biggest tax cuts in 50 years.
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Sterling falls to record low of $1.035 against the dollar\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
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Universal Credit warning in changes announced by ChancellorIn some cases, benefits could be reduced
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