The British pound, the world’s oldest fiat currency, fell to an all-time low against the US dollar shortly after 1:00 am ET Monday. At that time, the pound hit 1.0327 per unit in nominal US dollars, but rebounded to 1.0775 against the greenback by 11 a.m. Monday.
The pound sank to $1.0327 against the greenback, but managed to rebound to $1.0826
On Monday, September 26, 2022, the British pound hit an all-time low against the US dollar. The pound’s decline followed the euro’s 20-year low against the U.S. dollar on Friday. At the same time last Friday, the U.S. Dollar Currency Index (DXY) hit a 20-year high, and as of this writingandare coasting; the DXY is coasting at 113.618; the DXY
is at 113.618; the DXY