The pound has hit an all-time low against the dollar while Chancellor Kwasi Kwarteng has defended his tax cuts, which benefit high earners most.
Sterling slumped last Friday (September 23) moments after the new Chancellor revealed his 'mini-budget' in the House of Commons.
And there was more bad news as markets reopened in Asia in the early hours of this morning (Monday) as the pound hit a record low against the dollar.
During early trade, Sterling fell by more than 4% to just 1.0327 dollars, before it regained some ground to about 1.05 dollars.
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