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Dollar surges against pound on central bank watch

US stocks fall as more experts predict recession
Source: Pixabay

The dollar soared against the British pound Thursday after the US Federal Reserve hiked interest rates and indicated they would go higher than expected to combat sky-high inflation.

In morning London deals, the pound sank 1.2 percent to $1.1254, also ahead of an expected bumper rate hike from the Bank of England.

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AFP

Agence France-Presse (AFP) is a French state-owned international news agency based in Paris. It is the world's oldest news agency, having been founded in 1835 as Havas.




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