COLOMBO (News 1st); The British pound plunged to a record low on Monday morning in Asia, following last week’s announcement by the new U.K.
government that it would implement tax cuts and investment incentives to boost growth.Sterling briefly fell 4% to an all-time low of $1.0382 on Monday in Asia.Critics say those economic measures will disproportionately benefit the wealthy and could see the U.K.