{"id":72761,"date":"2022-09-23T12:30:00","date_gmt":"2022-09-23T08:30:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=72761"},"modified":"2022-09-23T12:49:42","modified_gmt":"2022-09-23T08:49:42","slug":"sterling-falls-to-its-lowest-level-in-37-years-before-announcing-details-of-tax-cuts","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/sterling-falls-to-its-lowest-level-in-37-years-before-announcing-details-of-tax-cuts\/09\/23\/market-updates\/","title":{"rendered":"Sterling falls to its lowest level in 37 years before announcing details of tax cuts"},"content":{"rendered":"\n<p>Sterling fell on Friday to a 37-year low against the dollar before the expected announcement of the new British finance minister details of tax cuts and energy subsidies worth close to two hundred billion pounds ($225 billion).<\/p>\n\n\n\n<p>The pound fell about 0.6 percent to $ 1.1170, its lowest level since 1985, while it settled against the euro at 87.40 pence per euro.<\/p>\n\n\n\n<p>The dollar&#8217;s strength affected the performance of all major currencies over the past months.<\/p>\n\n\n\n<p>Minister Kwasi Quarting hopes his policies will boost growth and break the &#8220;stagnation cycle&#8221;, although some fear that the amount of spending could put sterling under additional pressure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sterling fell on Friday to a 37-year low against the dollar before the expected announcement of the new British finance minister details of tax cuts and energy subsidies worth close to two hundred billion pounds ($225 billion). The pound fell about 0.6 percent to $ 1.1170, its lowest level since 1985, while it settled against &hellip;<\/p>\n","protected":false},"author":9,"featured_media":71180,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6967,6908],"class_list":["post-72761","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-boe","tag-pound"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=72761"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72761\/revisions"}],"predecessor-version":[{"id":72762,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72761\/revisions\/72762"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/71180"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=72761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=72761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=72761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}