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Pound hits record low after tax-cut plan sparks sell-off
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The 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...
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