U.S. Stocks and British Pound Drop, European Central Bank Concerned

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The U.S. Market is down again, and the British pound dropped to an all-time low against the dollar. Investors continued to dump British government bonds with the historical tax cut plan announced last week in London.  Markets in Europe mostly lower as well.   Christine Lagarde, head of the European Central Bank, warned that the economic outlook “is darkening” as high energy and food prices continue to rise across EU countries.