The pound, a unit of sterling and the currency used in the United Kingdom, has seen an enormous drop in its foreign exchange rate. Sterling is now at its weakest against the US dollar since 1985 due to low trading levels and increased borrowings while inflationary levels are increasing.
What is the rate of the pound now?
What is the rate of the pound now?
It is now at $1.12 against the US dollar, showing a fall of up to 17% against the US dollar since the beginning of this year.