GBP/USD rate falls below 1.12 for first time since January 1985 - Anadolu Agency.
[Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.](https://www.aa.com.tr/en/p/subscription/1001) The drop came a day after both the US Federal Reserve and the Bank of England hiked interest rates by 75 and 50 basis points, respectively.