Pound Takes Truss Back to 1985: The Readout With Allegra Stratton

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Allegra Stratton

September 7, 2022 at 3:50 PM UTC

Welcome to The Readout, the daily newsletter from Bloomberg UK.

This afternoon, the pound fell to its lowest level against the US dollar since 1985, suggesting markets are not yet convinced by what they see from Prime Minister Liz Truss’s shiny new government. Not even tomorrow’s much-trailed energy-price package could stem sterling’s decline.