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Pound hits record low after tax-cut plan sparks sell-off
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fnlondon.comThe British pound fell to a record low against the dollar in early Asian trade on 26 September as selling continued after the UK government on 23 September unveiled the country’s biggest tax cuts since the early 1970s.
The pound briefly fell below $1.04, hitting a record low, according to data on CQG. Its previous all-time low was around $1.05 marked in 1985.
The...
Read more on fnlondon.comAbout this in other media
U.K. Prime Minister Defends Tax Cuts as Market Turmoil Continues wsj.com /1 year ago
Bitcoin-Sterling Volumes Spike To Record High As British Currency Hits Historic Lows ndtv.com /1 year ago
IMF criticises Britain over tax cuts that 'will likely increase inequality' euronews.com /1 year ago
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