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Bank of England forced to intervene after pound plummets

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In a statement, the Bank of England said it was "monitoring developments in financial markets very closely in light of the significant repricing of financial assets."

Kwasi Kwarteng declined to comment after the pound dropped to its lowest ever level against the dollar, following the most extensive programme of tax cuts for 50 years.

Paul Kelso has this report.

#skynews #economy #bankofengland

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