Archive for September 26th, 2022

New Overnight Developments Abroad - Daily Update

Record Low in Sterling and Other Financial Market Extremes

September 26, 2022

The British pound plunged overnight to an intra-day and all-time low of $1.0327. That’s down 25% from a 52-week high on October 20, 2021 and below the previous record low of $1.0345 in early 1985. Back then in an all-out fight to avoid the humiliation of sterling dropping below dollar parity, the Bank of England […] More