British pound plunges to new low as tax cuts spark concern
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While the pound’s slide has accelerated in recent days, the currency has fallen steadily against the dollar for more than a year as investors sought the security of U.S. assets amid the economic shocks from the pandemic and the war in Ukraine.
The British currency has dropped more than 24% against the dollar since its recent peak of $1.4181 on May 27, 2021.
http://apnews.com/article/boris-johnson-inflation-london-d949273d1b360c3210b182a00ba8c7bb?
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