British pound falls to historic lows against the dollar.

[{"selector":"#anim-4f5dacac-f37b-4ac6-b006-5defeb5bc5a0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.90624987200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Credit by Google British pound falls to historic lows against the dollar.

[{"selector":"#anim-f5f30f08-92df-4dca-992a-1df7f8f3dc1a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Credit by Google When compared to the dollar, the value of the pound has fallen to a new record low.

[{"selector":"#anim-e0adb643-2d19-4996-9947-a8b563b59226 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-21.874999829338588%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Credit by Google The concerns in the financial markets brought on by the emergency budgetary measures announced by Prime Minister Liz Truss last week are reflected in it.

[{"selector":"#anim-4e874986-6204-41d0-94f2-c98db42f130d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.488636233106245%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Credit by Google Investors are concerned because a sizable tax cut deal would need increased government borrowing by billions of dollars.

[{"selector":"#anim-1a634056-bf67-49c4-b202-8b565c41cd16 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Credit by Google Truss may believe that tax cuts, especially for the wealthy, would motivate families to save more money, but economists have noted that the U.K. may be impacted.

[{"selector":"#anim-daf0a994-c348-4ae4-8bc5-d227a1d4a89b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Credit by Google The dollar-to-pound exchange rate has reached a historic low.

[{"selector":"#anim-d01ea6a6-3e05-42d2-9cca-b118a23f0020 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.882660350500934%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Credit by Google Markets are displaying symptoms of worry about the next prime minister, Liz Truss.

[{"selector":"#anim-ad9e89ff-7587-46f6-b724-98d4f4609e0a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.882660350500934%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Credit by Google Investors have shied away from a major tax reduction plan because it appears to be high-risk and might cost the government tens of billions of pounds in new borrowing.