Pound Sterling at its Lowest Value Since 2007

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14/10/2016 12:47 WIB

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Pound Sterling to US Dollar Exchange Rate (2007-October 14, 2016)

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Pound Sterling to US Dollar Exchange Rate (2007-October 14, 2016)

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The pound sterling exchange rate on October 14, 2016, traded at 1.22 per US dollar. This was the lowest level since late 2007, before the US financial crisis, when it stood at 1.985 per US dollar.

The appreciation of the US dollar against major world currencies and the UK's exit from the European Union (Brexit) have pushed the pound sterling to its lowest level in nine years. The UK's departure from the EU has fueled market concerns about its potential negative impact on the country's economy.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."