U.K. inflation is operating at the speediest pace since the early 1980s.
Bloomberg | Bloomberg | Getty Photos
The British pound plummeted on Wednesday to its lowest stage from the U.S. dollar considering that 1985.
Sterling fell to $1.14 in afternoon trade — a level not seen in 37 years — as traders responded to the U.K.’s darkening economic landscape with a new key minister at the helm.
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