Pound Falls To Three-Month Lows On Rate, Oil Worries
The British pound dropped to its lowest level in three months against the U.S. dollar on Thursday, as concerns over high interest rates, elevated oil prices and persistent inflation weighed on European markets.
The pound slid on Thursday to a three-month low against the dollar as a fresh round of concern over high rates, oil prices and persistent inflation unsettled European markets. 32 level for the first time.