 "An employee is seen walking over a mosaic of pound sterling symbols set in the floor of the front hall of the Bank of England in London. (Photo: Reuters)")
Sterling tumbled nearly 5 per cent to an all-time low on Monday as investors ran for the exits after the new government's fiscal plan threatened to stretch Britain’s finances to their limits.
The currency dived as much as 4.85 per cent to an unprecedented $1.0327, extending a 3.61 per cent dive from Friday, when finance minister Kwasi Kwarteng unleashed historic tax cuts, and the biggest increase in borrowing since 1972 to pay for them.
Economists and investors said Prime Minister Liz Truss's government, in power for less than three weeks, was losing financial credibility in unveiling such a plan just
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