Pound sterling to the American dollar exchange rate has reached its lowest since 1985, that is, for 37 years. This is shown by data from the financial platform investing.com.

Pound sterling exchange rate against US dollar

The price of the official British currency reached $1.1328, having lost 0.43% since the beginning of the trading day.

The Financial Times wrote in the beginning of September that the pound sterling rate was close to its minimum over the last decades, up to 1.1444 settlement units, amid investors’ apprehensions about the new Prime Minister of Great Britain Liz Truss, coming to power.

At the end of August it was reported that the euro was trading below $0.9952. Thus, the European currency has updated its minimum since 2002.

On September 21, the U.S. dollar rose in trading to a new high for the last 20 years. The sharp growth in the exchange rate was associated with the announcement of the partial mobilization in Russia.

Earlier we reported that the most important world stock indexes fell.