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British pound plunges to new low against dollar as tax cuts spark concern

Por: Los Angeles Times Business September 26, 2022

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The pound fell to an all-time low against the dollar early Monday after Britain's new finance minister unveiled a sweeping package of tax cuts, fueling concerns about the government’s economic policy as the country teeters on the brink of a recession. The pound fell to as low as $1.0373, its lowest level since the decimalization of the currency in 1971, before rallying to above $1.08 in London early-afternoon trading. The weakening... + full article



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