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Pound reaches lowest value against the dollar in 30 years; the real loses 2.5%

The foreign exchange market started the last week of September with intense fluctuations.

On Monday (26th), the dollar rose 2.53% against the real, trading at R$5.38.

In turn, the pound sterling is trading at US$1.06, a level not seen since 1985, following the announcement of a new tax package in the U.K., after trading at US$1.03 over the weekend.

"The main reason for the tensions in the foreign exchange market was the fiscal package announced in England, which reduces revenues for the country's new government and keeps the fiscal policy in . . .

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