British pound

5 Stories

UK Pound Falls to Record Low, as a 'Perfect Storm' Looms

Economists warn nation's newly pledged tax cuts could help drive it straight into recession

(Newser) - The British pound fell to an all-time low against the US dollar early Monday after Treasury chief Kwasi Kwarteng pledged a sweeping package of tax cuts, fueling concerns about the government's economic policy as the United Kingdom teeters toward recession. The pound fell as low as $1.0373, its...

British Pound Hits Lowest Level Against Dollar in Decades

Not a great first day for Liz Truss

(Newser) - It's good news for American tourists, but discouraging news for British Prime Minister Liz Truss on her first full day in office. The British pound fell to $1.145 Wednesday, its lowest level in 37 years, the BBC reports. As in 1985, when Margaret Thatcher— Truss' role model —...

Brexit Cost Serena Williams Almost $400K

Low British pound affects Wimbledon prize

(Newser) - Serena Williams may be celebrating her 22nd Grand Slam title win at Wimbledon on Saturday, but she's probably cursing Brexit. Had last month's Brexit vote not sent the British pound into a nose dive, Williams' £2 million prize money would have been worth close to $3 million,...

Jane Austen Replaces Darwin on British Currency

She will be on the 10-pound note in 2017

(Newser) - Jane Austen is going on Britain's 10-pound note in 2017, reports the BBC . And the guy she's replacing is no slouch—Charles Darwin. Along with her image will be a quote from Austen's Pride and Prejudice: "I declare after all there is no enjoyment like reading!...

New £5 Note to Feature Winston Churchill

New note will begin circulation in 2016

(Newser) - Former Prime Minister Winston Churchill will be immortalized on the new £5 note, reports the BBC . The redesigned bills are due to start circulating in 2016, and the new £5 note will feature a 1941 image of Churchill on the reverse of the note, along with his famous...

5 Stories
We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.