British pound hits a 37-year low as UK economy skids

The British pound slumped to a 37-year low on Friday after new data showed that shoppers are pulling back spending as inflation squeezes household budgets, underscoring fears that the economy may already be shrinking.

Sep 16, 2022 - 16:57
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British pound hits a 37-year low as UK economy skids
The British pound slumped to a 37-year low on Friday after new data showed that shoppers are pulling back spending as inflation squeezes household budgets, underscoring fears that the economy may already be shrinking.