Turmoil in the markets on Monday, which saw the value of the pound hit a record low, leads the papers.
Tuesday's front pages are dominated by the turmoil in the markets on Monday, which saw the pound touch an all-time low against the dollar. The Financial Times says pledges by the Bank of England and the Treasury that they would work to bring both inflation and government debt under control failed to stop heavy sell-offs of sterling by investors.
The paper also carries the results of a YouGov poll giving Labour a 17-point lead, its biggest in more than two decades.Monday's turmoil shows the markets believe that "talking tough will not be enough" and that borrowing costs will need to "rise sharply to reverse sterling's slide", according to the Guardian.
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