Anonymous ID: f86456 Sept. 26, 2022, 1:25 a.m. No.17582997   🗄️.is 🔗kun   >>3013 >>3026 >>3067 >>3112

Pound plunges to lowest level on RECORD: Pressure on Bank of England to hike interest rate to 5.5%, FTSE 250 falls 0.5% and warnings prices will soar after sterling slumped to $1.03 against dollar as markets react to Chancellor's mini-Budget

 

https://www.dailymail.co.uk/news/article-11249635/Analysts-warn-Bank-England-hike-rate-5-5-sterling-slumps-low-1-0327.html

 

The pound has dropped to near parity with the dollar - its lowest level since decimalisation in 1971 - after getting 'absolutely hammered' amid warnings that the Bank of England may have to bring forward an emergency interest rate rise with 5.5% now predicted in 2023.

 

Sterling has dropped to an all-time low of $1.0327 against the US dollar amid skepticism over the UK economy's growth prospects as the dollar increased its dominance in global trade, cranking up inflationary pressure in Britain.

 

As the FTSE 100 opened slightly up in London at 8am, sterling recovered slightly to $1.06 this morning as Liz Truss faced a Tory revolt with MPs braced for further turmoil with the pound down eight per cent since she was elected PM three weeks ago and down approaching 25 per cent since that start of the year.

 

Link to twitter comment https://twitter.com/mikegalsworthy/status/1573775346213834753?s=20&t=DTO24fYEDgP1IytcSuJ4Lw

 

Link to Times article mentioned in tweet (paywall) https://www.thetimes.co.uk/article/biscotti-mini-budget-exposes-gulf-between-liz-truss-and-keir-starmer-and-more-tax-cuts-are-on-the-cards-j2mj5zncs

Anonymous ID: f86456 Sept. 26, 2022, 1:50 a.m. No.17583057   🗄️.is 🔗kun   >>3063

>>17583026

>>>17582997 (You)

>>several "made" small fortunes on friday betting against the currency

>TRANSLATION: several STOLE fortunes from the average working-class people. money doesn't just appear. it someone gets a big pile of it, someone else LOST a big pile of it.

 

Wrecking the wealth and livelihoods of those who managed to scrape through the convid scam..

 

Seems like very systematic destruction but not against 'the old guard'