The pound has risen slightly in Asian trading on Tuesday to $1.08 after Monday’s record low around $1.035
- Pound comes under new pressure after Bank of England fails to raise rates
The sterling crisis, and the government’s mishandling of the situation, dominate the front pages, with many depicting the pound’s swoon to record low.
The Guardian leads with “Sterling crisis deepens as Truss’s strategy unravels,” reporting that the government was struggling to prevent a full-scale loss of financial market confidence in its economic strategy.
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