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Axios
Axios
Business

British pound tanks as Liz Truss tax cut plan sinks in

Liz Truss British Pound

The British pound hit a new low against the dollar on Monday — the financial equivalent of a no-confidence vote in new Prime Minister Liz Truss.

The big picture: Britain's unexpected 2016 Brexit vote to leave the European Union served as starting gun for the current era of compounding global uncertainty.

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