UK’s financial turmoil continues as the pound slumps more than one per cent against the dollar

The pound has plunged by more than one percent against the dollar to as low as $1.0763 in early morning trading – as Liz Truss insisted the mini-Budget was the ‘right thing’ to do despite financial turmoil.  

Sterling slid on Thursday and the The FTSE-100 dropped nearly 2%, after the Bank of England (BoE) intervened on the bond markets to head off a fresh financial catastrophe, snapping up long-dated government bonds to try calm the markets. 

Breaking her silence after nearly a week of…

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Written by Bourbiza Mohamed

I have 26 years of experience as a professional writer and editor and have been working as a full time freelancer since 2011. I am originally from Casablanca, Morocco, and I graduated from Qatar University with a degree in journalism. I have worked for newspapers, magazines, news agencies, websites. I speak fluent Arabic, French, English, Russian and Spanish.

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