The Sterling Pound has fallen to a record low against the US Dollar as markets react to the United Kingdom’s biggest tax cuts in 50 years.
In early Asia trade, sterling fell close to $1.03 before regaining some ground to stand at about $1.06 on Monday morning, UK time.
In Sri Lanka too, the buying rate of a Sterling Pound has come down to Rs. 376.70 from Friday’s close of Rs. 401.58.
The selling rate of a Pound has dropped to Rs. 391.95 from Rs. 417.39 on Friday. (NewsWire)
