October 17, 2022
UK Prime Minister Liz Truss’s recent attempt to stimulate the country’s inflation-ridden economy by pushing for massive tax cuts has sent the markets into a tailspin and caused the British pound to plummet in value against the US dollar. But even before this episode – and the government’s subsequent policy U-turn – sterling had been steadily declining amid the Brexit fallout. It also doesn’t help that the US dollar is at its strongest level in years. We take a look at the value of the British pound against the greenback since 2000.
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Saudi Crown Prince Mohammed bin Salman receives UAE President Mohammed bin Zayed Al Nahyan, in Saudi Arabia, on September 3, 2025.
IMAGO/APAimages via Reuters Connect
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The President of Argentina, Javier Milei (bottom left), gestures in response to comments from deputies, alongside Secretary of the Presidency Karina Milei (bottom right), Minister of Human Capital Sandra Petovello (top left), and Minister of Economy Luis Caputo (top right), during the Chief of Cabinet's management report session in Congress. (in Buenos Aires, Argentina on April 29, 2026).
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Right-wing leaders have been consolidating power across Latin America, driven by voter frustration with rising organized crime. However, with another batch of elections coming this year and next, the right's winning streak could be under threat.
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