Taghrib News Agency (TNA) 23 Sep 2022 - 23:02 http://www.taghribnews.com/en/news/566434/british-pound-slumps-to-37-year-low-against-us-dollar -------------------------------------------------- Title : British pound slumps to 37-year low against US dollar -------------------------------------------------- The British pound slipped to 1.1187 against the US dollar on Friday, its lowest level in 37 years. Text : The drop came a day after both the US Federal Reserve and the Bank of England hiked interest rates by 75 and 50 basis points, respectively. It marks the first time the GBP/USD rate has fallen below 1.12 since January 1985.