Birdwatch Note Rating
2024-10-31 18:49:06 UTC - HELPFUL
Rated by Participant: 7DBEE1C91E264669FB87B44BC2C3036AEF35BAD7C7A9B846A16A225B351350D2
Participant Details
Original Note:
The British Pound has not “crashed”. It fell 0.7% against the Euro and is now stabilising. The graph is also incredibly misleading as it starts at 665.00 and ends at 671.00 making the downward trajectory look more dramatic than the reality. https://www.reuters.com/markets/currencies/sterling-ticks-higher-investors-expect-fewer-boe-rate-cuts-2024-10-31/
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