Sterling falling: Should we be worried?

Slippery ground: 
The British pound has been trading weaker after recent fiscal decisions by the new government PIC: MONEYINC.COM
Slippery ground: The British pound has been trading weaker after recent fiscal decisions by the new government PIC: MONEYINC.COM

The Great British Pound (GBP) Sterling, which is the United Kingdom’s trading currency along with its territories, is the oldest surviving independent currency and the year 2022 has brought winds that are crippling its strength, bringing worry to several nations that trade through this currency.

In our previous articles, we've discussed at length about the energy price shocks that have traumatised most of Europe and the rest of the world. Multiple corporations do trade with governments and corporations listed in the stock exchanges of first-world countries including the London Stock Exchange and the New York Stock Exchange, and would in essence be affected by the effects of the energy price surge.

The energy price shock has been the leading factor contributing to the high inflation seen across the world, which has impacted major currencies including the sterling. Recently, the Chancellor of the Exchequer in the UK, Kwasi Kwarteng announced the British government's spending plan which many fear will spark inflation.

Editor's Comment
Urgent call: Stop the killing!

The previous week, we had an article about a police officer shooting his wife, and turning the gun on himself, whilst he died, his wife survived and is still in the hospital.Sadly that was not the only article we carried on intimate partner killings. There was the Francistown case, where a young woman allegedly stabbed her ‘former boyfriend’ and many others which were reported throughout the week.As all the reports were coming in, a Botswana...

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