In the headlines
The pound tumbled to a record low against the dollar this morning, amid continuing market unease over the government’s radical tax-cutting agenda. With the currency briefly sliding below $1.04 before stabilising at around $1.07, says the FT, traders have “ramped up bets” that the Bank of England will intervene with an emergency interest rate rise. Far-right politician Giorgia Meloni is on course to become Italy’s first female prime minister, after her right-wing coalition triumphed in yesterday’s elections. Meloni’s party, Brothers of Italy, has its roots in Benito Mussolini’s fascist movement. Nasa is planning to smash a spacecraft into an asteroid tonight, to see how difficult it would be to knock a hypothetical lump of space rock off a collision course with Earth. “This one is for the dinosaurs!” tweeted the Perth Observatory in Australia.