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The Independent UK
The Independent UK
National
Chiara Giordano and Matt Mathers

Pound plummets to 37-year low as Kwarteng unveils ‘growth plan’ for UK economy

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The pound dropped to a fresh 37-year low against the dollar as the chancellor unveiled tens of billions of pounds of tax cuts and spending.

Sterling declined by 0.89 per cent to 1.115 US dollars as Kwasi Kwarteng outlined his “growth plan” for the UK economy on Friday morning.

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