It was its lowest level since the decimalization of the currency in 1971. The British currency has lost more than 5% of its value against the dollar since Friday, when Kwarteng announced the ...

BRITAIN last week took the first step in a three-year conversion of its currency to the decimal system by introducing the first two new coins, the 5-new-pence piece and the 10-new-pence piece.

Here are some facts about the British currency: Sign up here. The pound is trading around $1.27, up 23% from 2022's record low. It is down a fraction against the dollar this year, but that's a ...