Podknife - The pound drops, but will it sink or swim? by The Leader

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The pound drops, but will it sink or swim?

Podcast |: The Leader | Evening Standard daily
Publisher |: The Evening Standard
Media Type |: audio
Podknife tags |: Coronavirus,; Health,; Illness,; News & Politics,; Science & Medicine,; Society & Culture
Categories Via RSS |: Daily News,; News,; Politics,; Society & Culture
Publication Date |: Sep 26, 2022
Episode Duration |: 00:15:41

record-low-dollar-track-kwasi-kwarteng-liz-truss-b1028026.html">The biggest drop in the pound since 1971, rumours of investigation-leaks-mini-budget-pound-streling-united-states-dollar-kwasi-tulip-siddiq-b1028051.html">hedge funds shorting the currency, and claims Tory MPs are not happy about it. But is it time to worry? The Evening Standard’s Political Editor Nicholas Cecil explains what has happened, and the impact a drop in the pound could have. Plus Matthew Lesh from the Institute of Economic Affairs explains why some good could come from the fall in Sterling. In this episode:

The pound’s record drop explained
How could the Bank of England boost the pound?
Unrest among some backbench Conservative MPs
Could the drop be a temporary blip?
How a crash in the 80s was a turning point for Sterling
Why it’s a case of ‘wait and see’

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