The pound has fallen to a record low against the US dollar as markets react to the UK's biggest tax cuts in 50 years.<br /><br />In early Asia trade, sterling fell close to $1.03 before regaining some ground to stand at about $1.07 on Monday morning, UK time.<br /><br />While worries about the UK economy have hit the pound, its value has also been under pressure due to the strength of the dollar.<br /><br />Please subscribe HERE http://bit.ly/1rbfUog<br /><br />#UK #US #BBCNews
