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The National (Scotland)
The National (Scotland)
National
Joshua Searle

Pound falls to all-time low against US dollar as experts warn of cost-of-living impact

The pound has fallen to an all-time low against the US dollar potentially worsening the cost-of-living crisis, experts have warned.

Market confidence in the pound has plunged following the announcement of the Government’s new economic plans, revealed last week.

Plans included the biggest tax cuts in 50 years and Chancellor Kwasi Kwarteng signalled more were on the way.

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