Pound breaks 1.10 in fresh round of selling

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The pound broke 1.1000 to a low of 1.0997 in a fresh low since 1985.

The low in February of 1985 was 1.0520.

Everywhere you look it’s ugly right now.

The market is increasingly convinced that the Fed and other global central banks are going to overtighten into a brutal recession. And there’s no help coming in the energy crisis.

Steve Walker

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