Business · 1 hour ago
Pound hits lowest vs. yen since February despite steady dollar
The UK currency dropped 0.8% to hit 209.41 yen on Monday as the Japanese currency surged in strength across global markets. British finance minister John Healey delivered his first major economic speech, but investors noted his policies closely mirrored his predecessor Rachel Reeves. This lack of fresh political direction left sterling holding relatively steady against the US dollar at $1.3573.
Reported by Reuters · How we write briefs