The pound plunges almost 5% to a record low overnight

The UK government's pledge to continue with more tax cuts has caused the pound to plunge nearly 5% to a historic low. Giorgia Meloni, who earned a resounding victory in the Italian election held on Sunday, is poised to become the nation's first female prime minister. Mensur Pocinci, our Head of Technical Analysis, gives a technical update and Tim Gagie our Head of FX & PM Solutions Geneva provides a currencies and metals update. 00:09 Introduction and markets wrap-up by Alex Petersen (Investment Writing) 03:15 Technical update by Mensur Pocinci (Head of Technical Analysis) 06:16 Currencies and metals update by Tim Gagie (Head of FX & PM Solutions Geneva) 09:18 Closing remarks by Alex Petersen (Investment Writing)