[{"selector":"#anim-b2b3371e-c44a-4b36-9e6b-e71d19bfe836 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-29.08984900994806%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] credit : google Record low for the British pound against the dollar

The new British government's ideas for tax cuts and borrowing were once again flatly rejected by international investors on Monday.

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The central bank and the Treasury spoke out in an effort to calm the markets as the pound momentarily fell to its worst level versus the US dollar on record.

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The British pound fell as low as $1.035 early on Monday morning, extending its losses following a historically terrible day on Friday when the tax proposal was disclosed.

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before stabilising in the afternoon amid wagers and rumours that the Bank of England will issue a statement on the currency changes.

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In the end, government and central bank remarks did nothing to calm the markets, where there are rising hopes that the pound would rise.

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might soon achieve parity, or a one-for-one exchange rate, with the dollar, which was virtually unthinkable just a few months ago. Monday evening,

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The pound started to tumble again, dropping 1.8 percent to under $1.07 and down 1% versus the euro.

The Bank of England's governor, Andrew Bailey, stated in a statement that the institution was "very closely"

monitoring the markets but advised policymakers to wait until the next scheduled meeting, on Nov. 3.

Move aside, To test planetary defence, NASA smashed into an asteroid

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