British Pound Hits Record Low Against Dollar, Bonds Roiled as Tax-Cut Plans Spook Investors

LONDON – The sell-off in Britain’s financial markets accelerated on investor concerns that the country’s biggest tax cut in decades would trigger higher inflation and threaten public finances.

The British pound briefly fell to an all-time low against the US dollar on Monday before erasing losses. The currency touched $1.0349 during the Asian session, breaking its previous record low set in 1985. It then rallied to just under $1.08, down a little less than 1%.

https://www.wsj.com/articles/british-pound-bonds-roiled-as-tax-cut-plans-spook-investors-11664192138 British Pound Hits Record Low Against Dollar, Bonds Roiled as Tax-Cut Plans Spook Investors

Alley Einstein

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