It is now easier for the rich American elite to buy good British companies.
Pound drops to $1.09 against the US dollar - close to the ALL-TIME low - just hours after Treasury minister boasts it was 'strengthening' because of Kwasi Kwarteng's 'Emergency Budget'
As the markets delivered a sceptical verdict on the Chancellor's huge tax cuts, Sterling dipped under $1.09 - within sight of the $1.0545 it hit in March 1985.
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