Title: Pound Hits 37-Year Low as Yen Also Suffers!
Post by: PocketOption on Sep 08, 2022, 09:34 am
Post by: PocketOption on Sep 08, 2022, 09:34 am
Pound Hits 37-Year Low as Yen Also Suffers!
Source: Pound Hits 37-Year Low as Yen Also Suffers! (https://www.orbex.com/blog/en/2022/09/pound-hits-37-year-low-as-yen-also-suffers)
The dollar surged to a 24-year peak against the yen and a 37-year high versus sterling yesterday.
Europe and the UK look like they are headed for a challenging couple of months, with recession very likely for both economies.
Investors responded to the UK's darkening economic landscape with a new prime minister.
With inflation hitting over 10% in July, will we see more fresh lows on the pound?
Timestamps
GBPUSD 01:35
USDJPY 03:10
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Source: Pound Hits 37-Year Low as Yen Also Suffers! (https://www.orbex.com/blog/en/2022/09/pound-hits-37-year-low-as-yen-also-suffers)