The pound, in particular, fell to an all-time low of $1.035 on Monday as the government’s plan to implement the biggest tax cuts in 50 years while boosting government borrowing and spending amid high inflation spooked investors. The Chinese yuan fell to 7 per dollar, the lowest since May 2020, triggering fears of a rout in global commodities.
Bitcoin Tops $20K as Stock Futures Rise, Dollar Rally Stalls
