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FirstFT Europe/Africa: Sterling falls to record low against the dollar

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FirstFT Europe/Africa: Sterling falls to record low against the dollar

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Sterling slid as much as 4.7 per cent against the dollar to $1.035, hitting a record low in Asian trading today after UK chancellor Kwasi Kwarteng vowed to pursue more tax cuts.

Kwarteng on Friday unveiled a £45bn debt-financed package containing…

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