The pound has fallen to its lowest level in over a year, while UK borrowing costs hit their highest for 16 years. Economists have warned that the rising costs could lead to further tax increases or spending cuts as the government tries to meet its self-imposed rule not to borrow to fund day-to-day spending.more

The zloty this morning weakened against the euro and the Swiss franc, and strengthened against the dollar. The euro was at PLN 4.71, the franc at PLN 4.79 and the dollar at PLN 4.56.more

Yesterday in Polish exchange offices, the franc cost even more than PLN 5 - reports "Rzeczpospolita". According to the daily, those who are indebted in francs cannot rest easy, because there are many indications that the Swiss currency will exceed the level of PLN 5 for longer in the near future.more

The euro exchange rate against the US dollar was USD 0.9951 on Monday, the lowest since its inception. The EU currency is losing due to the energy crisis that could lead the EU economy to a recession, explains AFP.more