British Pound Hits Lowest Level Since 1985... 'Falls Below $1.14 Per Pound'
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[Asia Economy Reporter Naju-seok] The value of the British pound has fallen to its lowest level since 1985.
According to foreign media on the 16th, it recorded $1.137 per pound. News that the UK's retail sales were weaker than initially expected contributed to breaking the $1.14 per pound mark.
Foreign media reported that concerns about the UK economic situation were reflected behind the pound's weakness.
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The UK's retail sales were sluggish due to rising prices and increased energy costs. According to the indicators released that day, retail sales in the UK fell by 1.6 percentage points between July and August.
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