Posted on 01/11/2025 10:57:28 PM PST by RandFan
The cost of government borrowing rose again this morning and the pound fell – with financial markets still worried by the country’s faltering economy and weak public finances.
The Chief Secretary to the Treasury, Darren Jones, tried to calm nerves, saying the government was determined to keep the national debt under control.
The Chancellor herself is on a flight to China, in search of new trade and investment opportunities to kick start the economy.
(Excerpt) Read more at channel4.com ...
Pound is at a 30 year low near enough
Ah.
Fake news?
£1.00 = $1.22
Which seems to be pretty much average for the past couple of years.
I was hoping to buy some car parts, maybe the rate really will improve if Starmer stays in power.
Maybe President Trump might put sanctions and tariffs on all European countries that abuse their citizens.
“The Chancellor herself is on a flight to China, in search of new trade and investment opportunities to kick start the economy.”
makes sense ... i’m sure China will be more than happy to buy what’s remaining of the UK at bargain basement prices ...
Check the 1-year chart: https://www.xe.com/currencycharts/?from=GBP&to=USD
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