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The pound sterling has fallen to its lowest ever level against the us dollar. in early asia trading, sterling fell to just over 1.03 before regaining ground to about 1.05. the pound has been under pressure as the dollar has been boosted by the us central bank raising interest rates, and it follows the announcement on friday by the announcement on friday by the new uk chancellor kwasi kwarteng unveiling historic tax cuts funded by very high increases in borrowing. we can join the bbc correspondent in singapore. join the bbc correspondent in singapore-— singapore. what a monday morninu singapo...

Highest interest rate, folks, not investors the central bank will keep higher rates until inflation comes down. home buyers mortgage rates well above 6% here, new home sells coming later this week to show us what's happening in the housing market with these higher rates. the british pound plunging to a new record low, falling more than 4% against u.s. dollar. cnn clarissa popping in live from london. i woke up to this headline, wow. this has been, what, predictions of the pound could plum met further here? >> yeah, christine, it was a brutal morning, not just the fact that it edged closer th...

Environmentalists. they love no guns. they don't want the police officers to have guns. that's their image. when i was over there in the u.k. last week. everyone i seems to talk to say they are paying extra to watch fox news over there and they agree with the american politics and agree with conservatives over here. what are the top issues of europeans now? >> look, i think that a lot of brits at the moment feel exactly the same challenges and concerns that are felt through the rest of europe. and, you know, today we have gotten extraordinary situation in our country where the pound is now col...

Go higher, and the pound in your pocket won't go as far. the currency fell dramatically on friday and dropped sharply again this morning, touching its lowest level ever, just above $1.03, before recovering some ground. here is why. 0n above $1.03, before recovering some ground. here is why. on friday, the chancellor abandoned planned tax rises and announced a swathe of tax cuts instead. i rises and announced a swathe of tax cuts instead-— cuts instead. i can announce today that we will _ cuts instead. i can announce today that we will cut _ cuts instead. i can announce today that we will cut...

Hugh tizard as well. that's all the sport from me at the moment. you can see right up to date from all the sport news on the bbc website. i will see you again in the next hour. you very much indeed. let's return now to the fears of soaring interest rates as the bank of england could be forced to act as the value of the pound fell to a record low against the dollar overnight, following the uk government's announcement of large tax cuts funded by borrowing. in asian trading, sterling fell 4% close to $1.03 — it's recovered some of that ground this morning. the fall in the pound since friday th...