Pound Sterling makes positive gains as markets close – Truss pledges to 'protect' economy

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Since then, that established momentum has carried the currency on a gentle but consistent growth path.

As of 8.50pm on October 12, sterling is worth $1.1448 against the dollar, a daily change of 1.27 percent.

Financial markets must continue to navigate uncertainty with the pound as it navigates the fallout from Chancellor Kwasi Kwarteng’s late September mini-budget.

The currency dropped to a record low of $1.03 on September 26 from $1.13 the day before the budget.

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