The pound fell 0.3% to 1.1475 this morning - its lowest level since 1985 - mere hours before Liz Truss is expected to be formally announced as the new Prime ...
[Ofgem](https://www.mirror.co.uk/all-about/ofgem) might be forced to increase its energy cap by a further 80% in January. The United States is being less effected by the energy crisis, as the war in Meanwhile, the US dollar is currently hitting record highs against its rivals - which is causing sterling and the euro to plummet in value. [Liz Truss](https://www.mirror.co.uk/all-about/liz-truss) is expected to be formally announced as the new Prime Minister of the United Kingdom. Nigel Green of deVere Group said: โThis is alarming โ and we expect it to get worse for the pound when the UKโs new Prime Minister is announced. The pound sunk to its lowest level against the US dollar in over three decades this morning - just hours before the new Prime Minister is announced.
THE pound has fallen to its lowest level against the US dollar in over three decades.The pound fell 0.3% this morning to 1.1474, its lowest level sinc.
Monzo is one that lets you do this. [households](https://www.thesun.co.uk/topic/homes/) contending with the [cost of living](https://www.thesun.co.uk/topic/cost-of-living/) crisis. [reach over ยฃ3,500](https://www.thesun.co.uk/money/19615273/energy-bills-rocket-price-cap-hike-confirmed/) from October 1. [leader of the Conservatives.](https://www.thesun.co.uk/news/politics/19708615/liz-truss-is-britains-next-pm/) [bills](https://www.thesun.co.uk/topic/bills/) down. [nflation reached 10.1%](https://www.thesun.co.uk/money/19532321/inflation-hits-new-high-july-household-finances/) in July, up from 9.4% the previous month. [cost of living rescue package.](https://www.thesun.co.uk/news/19706104/liz-truss-cost-of-living-rescue-package/) [could hit 20% next year](https://www.thesun.co.uk/money/19656828/inflation-warning-uk-recession/), if gas prices continue to rise. [moneysavingexpert.com](https://www.moneysavingexpert.com/) can help you compare rates from different bureaux de change. [Euro](https://www.thesun.co.uk/where/europe/) is also falling in value after [Russia](https://www.thesun.co.uk/where/russia/) cut off supplies of gas to Europe by closing off the Nord Stream 1 pipeline. [US](https://www.thesun.co.uk/where/united-states/) dollar which is causing sterling and also the Euro to plummet in value. [pound](https://www.thesun.co.uk/topic/pound/) fell 0.3% this morning to 1.1474, its lowest level since 1985.