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The British Pound Collapses

Kingsley Jones, Chief Investment Officer, Jevons Global

26-Sep-22 07:00

The British Pound Collapses

UK Chancellor of the Exchequer Kwasi Kwarteng has just launched the biggest package of tax cuts in half a century. This much criticised mini budget has caused the pound to depreciate by more than 3% against the greenback. We ask Kingsley Jones, Chief Investment Officer at Jevons Global about the UK economy and how much lower can the currency go.

Produced by: Michael Gong

Presented by: Shazana Mokhtar, Philip See, Wong Shou Ning

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Categories:  marketseconomyinternationalinvestments

Tags:  mini budgetbritish poundcurrency depreciationtax cuts

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