Sterling to struggle on, chance of dollar parity on a knife-edge - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Sterling dived to an all-time low in Asian trade on September 26, extending losses from the week before after new Finance Minister Kwasi Kwarteng unveiled historic tax cuts and the biggest increase in borrowing since 1972 to pay for them.Sterling dived to an all-time low in Asian trade on September 26, extending losses from the week before after new Finance Minister Kwasi Kwarteng unveiled historic tax cuts and the biggest increase in borrowing since 1972 to pay for them.

On Wednesday, the currency stayed well off recent lows but ended a six-day rally after Prime Minister Liz Truss spoke at the Conservative Party conference. Offering some support to the currency, the BoE has been raising interest rates and is expected to add 75 basis points to borrowing costs when it meets on November 3.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

INFOGRAPHIC: Teenage pregnancy in numbers - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Teenage pregnancy rate is high among people who are early into the adolescent stage and teenagers. It has been reported that a lot of young girls between the age of 10-19 became pregnant during the pandemic. Has it ever been low kodwa? It looks like the person in the picture is a man with a fat tummy 🤔
Source: SABCNews - 🏆 37. / 51 Read more »