British pound plummets to record low against the dollar

The British pound crashed to a record low against the US dollar on Monday on growing fears about the stability of UK government finances.
CNN Business: Markets Now
 
  Advertisement
News: What you need to know about the markets
 
 
British pound plummets to record low against the dollar
The British pound crashed to a record low against the US dollar on Monday on growing fears about the stability of UK government finances. Read more »
 
UK authorities try to calm panicked markets
UK policymakers are trying to calm markets after a plan by Prime Minister Liz Truss to cut taxes while ramping up borrowing sparked panic among investors worried it could feed inflation and destabilize government finances. Read more »
 
Fed Chair Powell warned of 'pain' to come. Seniors on fixed incomes are already feeling it
America's seniors are facing a lot of hard choices. After the Federal Reserve's latest rate hike, the combination of climbing prices on everything from food to gas to utilities and ever-higher borrowing costs is making the finances of Americans on fixed incomes increasingly precarious. Read more »
 
US markets fall sharply with British Pound at a new low
Read more »
 
The rich are the biggest winners of Britain's tax-cutting gamble
The United Kingdom's big tax-cutting gamble to boost economic growth will benefit the rich far more than millions of people on lower incomes. Read more »
 
Forget a soft landing. The market's best hope is a 'growth' recession
Investors are waking up to the harsh reality of just how much pain the economy may have to endure as the Federal Reserve continues its fight against stubbornly high inflation. Read more »
 
 
 
 
Dow Nasdaq S&P
-329.60   -65.00   -38.19
29,260.81   10,802.92   3,655.04
-1.11%   -0.60%   -1.03%
YTD -19.48%   YTD -30.95%   YTD -23.31%
 
Biggest Winners
Las Vegas Sands Corp +11.81%
 
Generac Holdings Inc +2.84%
 
Estee Lauder Companies Inc +1.50%
 
Borgwarner Inc +1.15%
Biggest Losers
AES Corp -5.48%
 
Halliburton Co -5.17%
 
Lumen Technologies Inc -5.17%
 
Best Buy Co Inc -5.03%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $76.30 -2.44 / -3.10%
Gold $1,630.60 -25.00 / -1.51%
10-yr 3.88% +0.18
Euro $0.96 -0.01 / -0.79%
More Markets Now
 
Watch the live digital show, now every Wednesday 12 p.m.
to 12:15 p.m. ET.
Hi, let us know what you
think of this newsletter!
 
Tell us what you want to read more of... and less of.
Email your tips and feedback to MarketsNow@cnn.com
Sign up for
Reliable Sources
newsletter
  Sign up for
Before the Bell
newsletter
 
 
Tips, thoughts or questions are always welcome at
MarketsNow@cnn.com
 
Want to change how you receive these emails?
You can unsubscribe from this list
 
® © 2022 Cable News Network Inc.
A WarnerMedia Company. All Rights Reserved.
You are receiving this message because you subscribed to
CNN Business's "Markets Now" newsletter.

Our Mailing address is:
Cable News Network, Inc.
1 CNN Center
Atlanta, GA 30303
 
                                                 

Comments