Against the dollar, the British pound hits a record low

Photo by BBC

Monday saw a continuation of the overwhelming rejection of the new British government's promises for borrowing and tax reduction by international investors

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The British pound briefly reaching its lowest point against the U.S

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The central bank and the Treasury to speak out in an effort to calm the markets as the dollar reached a record high

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Increasing its losses after a Friday that was historically terrible

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Moment the tax strategy was unveiled

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Monday morning's early hours saw a sharp decline in the value of the pound, reaching as low as $1.035

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Amid expectations that the Bank of England will issue a comment on the currency moves, before recovering in the afternoon

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And wagers on the need for emergency interest rate increases by authorities

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In the end, the central bank and the government's pronouncements did little to calm the markets

Photo by BBC