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The pound just hit an all-time low - but it's not just dollar strength. Here's how Brexit is at the root of the market rout

2 monthes ago   |   By Business Insider

Former UK Prime Minister Boris Johnson ahead of the Brexit vote in 2016. Ben Stansall/Pool/AFP via Getty Images
The pound hit an all-time low last week as the new UK government's tax-cut plans spooked markets.
The strong US dollar is a big factor - but Brexit's hit to the UK economy set the stage for the rout.
Brexit rattled faith in the UK as a safe bet, and the abrupt tax cuts have shaken confidence further.
The British pound 's crash last week is seen as a story of US dollar strength - but dig deeper, and the long-lasting impact of Brexit emerges. As markets fretted about the new...
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