British pound

The British pound sank against the dollar on Friday following political uncertainty after the resignation of UK Prime Minister Liz Truss, while weak economic data added to the turmoil.The dollar strengthened also on expectations that the US…

The United Kingdom has descended into even deeper political turmoil, with the new Prime Minister Liz Truss sacking her Chancellor of the Exchequer, Kwasi Kwarteng, after just six weeks in the job.Ms Truss and Mr Kwarteng, who was the…

A financial meltdown threatening both the US and UK could torpedo efforts to ensure Australia’s economy avoids a recession.However, economists fear that the Reserve Bank of Australia (RBA) also risks plunging the country into a recession…

The dazzling rise of the US dollar, which has hit one record after another, is raising fears of a currency crash of a severity not seen since the 1997 Asian financial crisis reverberated around the world.The Federal Reserve’s rapid, steep…