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September 27, 2022

What's the impact of British pound plunge?

By KELVIN CHAN
Associated Press

LONDON (AP) — The pound is taking a pounding.

The British currency has taken a plunge, sliding against the U.S. dollar to touch an all-time low. It's a sign of the alarm in financial markets over new Prime Minister Liz Truss' emergency budget measures unveiled last week aimed at jump-starting the ailing economy.


 
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