23/09/2022
The exchange rate of the British pound on the international Forex market fell below $1.13. This has happened for the first time since March 1985. At the minimum, the rate fell by 0.5% to $1.1213. By 13:05 Moscow time, the British currency exchange rate against the US dollar recovered to $1.1305 (+0.36%).
The British pound has fallen against the dollar by more than 17% since the beginning of the year. The fall of the currency this year has already surpassed the collapse that was observed after the vote to leave the European Union (Brexit) in 2016, Bloomberg calculated. Then the British currency depreciated against the dollar by 16% per year. This could be the worst year for the British currency since the 2008 global financial crisis, when the pound plunged 26%.
