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What Is The Lowest The Pound Has Been Against The Dollar? [Solved]
Wow! That’s crazy - the Pound to Dollar rate hit rock bottom at $1.054 on 25th Feb 1985. It wasn’t so much that the Pound was weak, but more that the US Dollar was strong. The reason? A huge increase in oil prices caused inflation to skyrocket in the 80s, so the Fed had to raise interest rates above 20% to try and control it.
