Pound in biggest monthly fall against the dollar since 2016

Image Source: Bloomberg Worries over the UK economy caused the pound to fall 4.6% against the US dollar in August. The last time the pound plummeted that far against the dollar was in the aftermath of the Brexit vote in October 2016. On the currency markets, the sterling fell below $1.16 once more on Thursday […]

Euro falls in value below Dollar for the first time in 20 years

Image Source: CNN The conflict in Ukraine has caused the euro to depreciate below the dollar for the first time in almost 20 years. At 12:45 GMT, the price of one euro was $0.998, down 0.4 percent from the previous day’s trading.  The likelihood of a recession in the euro area has increased due to […]