British pound plunges, bonds sink after government announces tax cuts


The embattled British pound fell 3% against the dollar Friday, after the new U.K. government announced a radical economic plan in a bid to boost growth.Sterling had dropped as low as $1.0923 by 4:20p.m. London time, extending losses it made after the measures were unveiled in the morning. related investing news Evercore ISI cuts S&P 500 year-end target as Fed's tough talk raises probability of a...

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