The British pound just plunged to an all-time low against the US dollar The pound plunged to an all-time low of 1.035 against the US dollar on Monday as traders bet that looming tax cuts could fuel inflation, prompt faster interest-rate hikes, and undermine Britain's already-shaky economy. ➤ Pound Flash Crashes 500 pips To Record Low Amid Global FX Carnage As Things Start Breaking