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now the British pound has fallen to its lowest level ever against the US dollar in early Asia trade Sterling fell to one dollar three cents before regaining some ground to around 1.6 as the London markets opened the Pounds full follows a frosty reception by the markets to the British governments announcement last week it will cut taxes and hugely increase the amount it borrows well lets talk to Ross mold whos investment director at AJ Bell joining me from Brighton in the south of England and Russell while Britain slept the pound Plummers head overnight and what have you made of this situation uh its something thats unfortunately been potentially brewing for a while and if you look at the fundamentals of the British economy we we spend more than we earn so theres a growing government budget deficit we import more than we sell so theres a current account and trade deficit so we asked of course a former governor of the bank of England Mr Mark Carney dependent upon the kindness of
