@axios.com 2 years ago
British pound gets pounded as Liz Truss tax cut plan sinks in
The British pound hit a new low against the dollar on Monday — the financial equivalent of a no-confidence vote in new Prime Minister Liz Truss. The big picture: Britain's unexpected 2016 Brexit vote to leave the European Union served as starting gun for the current era of compounding global uncertainty.The referendum ripped apart long-established...