The British pound falls to a record low

The British pound has fallen to a record low against the US dollar.

Foreign media report that this situation has arisen after the government of new Prime Minister Liz Truss announced the biggest tax cut in Great Britain in 50 years.

In the Asian financial market, the sterling pound has fallen by 4.9% to 1.0327 dollars and the British sterling has depreciated like this since 1971, foreign media further states.