The Bank of England had to step in Wednesday after markets deemed a new government economic plan unwise, but the pound has been on a longer slide. Credit...Suzie Howell for The New York Times ...
LONDON — When Julian Asher moved from New York to London 16 years ago to work as a management consultant, his six-figure salary stopped going so far. The British pound, worth twice as much as the ...
The British currency briefly reached a low point against the U.S. dollar, and statements from the government and central bank did little to steady the markets. By Eshe Nelson Value of the British ...