Dhaka, Bangladesh (BBN)– The exchange rate of the Great Britain Pound (GBP) against the Bangladesh Taka (BDT) slumped to below 100 taka in last two days in line with the global trend following the British prime minister Theresa May’s announcement.
On Sunday, the British premier announced that her government would start the process of leaving the European Union within the next six months.
The British currency also lost around BDT 17 in last two months in line with the global trend of weak pound due to the British referendum to leave the EU.
Before Tuesday, the lowest level of pound against the BDT was in June 2010 when its average value was around BDT 100-BDT 101. After that it hit the highest level at BDT 133.63 in February 2012, according to the central bank of Bangladesh statistics.
On Tuesday, the GBP struck $1.2740– its lowest level since 1985. Meanwhile it traded at 87.66 pence to the euro — the weakest level since 2013.