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Sterling hits record low against the dollar

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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.

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