In the face of nagging doubts about Britain's economic management and the outlook for global growth, sterling was 0.19% lower at $1.0866 at 1125 GMT, after falling to $1.0764 earlier
The supporters of Rishi Sunak in the Conservative Party leadership race are increasingly speaking out to point out that the Indian-origin former Chancellor had warned against much of economic turmoil
Taking the helm at a time when the UK economy was already grappling with the specter of recession, the Truss government's new fiscal policies fueled concerns that inflation and borrowing would surge
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
The UK govt is expected to publish an emergency budget statement Friday outlining how it plans to slash taxes, tame soaring inflation and boost economic growth as a recession looms on the horizon
We do have to take difficult decisions to get our economy right, Truss said. We have to look at our tax rates. So corporation tax needs to be competitive with other countries to attract investment
PM says average household will save average of £1,000 a year; Labour leader criticises decision not to tax unexpected profits of energy giants