This Wednesday the pound sterling fell to its lowest level since 1985 against the dollar, affected by fears of a recession in the United Kingdom, the rise in inflation and the search for the US currency as a safe haven.
By 14:00 GMT, the British pound was down 0.96% to $1.1409, its lowest level in 37 years.
Financial experts and commentators agree that the data is just a sample of the magnitude of the task that awaits the new prime minister, Liz Truss, to revive the British economy.
Liz Truss appointed to succeed Boris Johnson as UK Prime Minister
The rise in gas prices due to the war in Ukraine threatens to plunge the UK into recession due to its dependence on that source of energy.
Conservative Truss, appointed as Prime Minister on Tuesday to replace Boris Johnson, will have a hard time convincing markets of the effectiveness of her measures to support the economy.
The prospect of the country continuing to borrow after record borrowing due to the pandemic makes British assets less attractive, with rising bond yields weighing on the pound, Western Union analyst Guillaume Dejean said.
