THE value of the pound has fallen again as the Bank of England says it "won't hesitate to change interest rates".
However, the Governor of the BoE Andrew Bailey avoided hiking interest rates as an emergency measure this afternoon.The pound has fallen to its lowest level against the dollar since decimalisation in 1971.
Sterling fell by more than 4% to just $1.03 in early trading in Asia, before recovering to $1.09 this afternoon. After the statement from the BoE it fell again to $1.06 as of 16:44pm today.
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UK SHOULD CAM DOWN THIS TAXCUTS WAS LONGOVERDUE IF IT DIDN'T HAPPEN A LOT NOF BUSINESSES WILL FOLDUP AND AGAIN THE JOB LOSSES THAT WILL GO ALONG WITH IT WILL BE HUGE. WITH SORING ENERGY COST WILL BE SEVERE THAN THE LOW POUNDS. WHICH IN ITSELF WILL BRING A LOT OF NORTH AMERICANS VISITING LONDON AS WELL AS EUROPEANS, ASIANS AS WELL.SO IS A GOOD THING BUT THE YIELDS WILL MATERALISED INA YEAR.. THE UK CENTRAL BANK HAVE TO TAME INFLATION CURRENTLY.