Struggling sterling set to tumble below $1.20


Struggling sterling set to tumble below $1.20: Pound heads to lowest level against the dollar since the pandemic crash

The pound is set to fall to its lowest level against the dollar since the pandemic crash and could slip below $1.20 soon, a currency expert warned.

Olivier Korber, strategist at French bank Societe Generale, said sterling is ‘struggling’ against the dollar as the UK’s grim economic outlook pales against the US’s more robust state of affairs.

The pound is trading at $1.22 against the US dollar but Korber says it is at risk of…



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