a man on a bicycle stands in front of an electronic board showing shanghai stock index nikkei share price index and dow jones industrial average outside a brokerage in tokyo japan september 22 2022 reuterskim kyunghoon sydney sept 26 reuters  sterling slumped to a record low on monday as investors piled in to dollars and out of almost everything else spooked by the prospect of high interest rates and poor growth ahead the pound plunged nearly 5 at one point to 10327 breaking below 1985 lows as confidence in britains economic management and assets evaporated even after stumbling back to 105 the currency is down 7 in two sessions its a case of shoot first and ask questions later as far as uk assets are concerned said national australia banks head of currency strategy ray attrill in sydney the collapse sent the dollar higher broadly and it hit multiyear peaks on the aussie kiwi and yuan and a new 20year top of 09528 per euro  in stocks mscis broadest index of asiapacific shares outside japan miapj0000pus was down 1 to a twoyear low it is heading for a monthly loss of 11 the largest since march 2020 japans nikkei n225 fell 22 the dollar made new highs on sterling the euro and the aussie in the thin early hours of the asia day last week stocks and bonds crumbled after the united states and half a dozen other countries raised rates and projected pain ahead japan intervened in currency trade to support the yen investors lost confidence in britains economic management the nasdaq ixic lost more than 5 for the second week running the sp 500 spx fell 48 gilts suffered their heaviest selling in three decades on friday and on monday the pound made a 37year low at 10765 as investors reckon planned tax cuts will stretch government finances to the limit sterling is down 11 this quarter fiveyear gilt yields rose 94 basis points last week by far the biggest weekly jump recorded in refinitiv data stretching back to the mid 1980s treasuries tanked as well last week with twoyear yields up 35 bps to 42140 and benchmark 10year yields up 25 bps to 36970 the euro wobbled to a twodecade low at 09660 as risks rise of war escalating in ukraine before steadying at 09686 in italy a rightwing alliance led by giorgia melonis brothers of italy party was on course for a clear majority in the next parliament as expected some took heart from a middling performance by eurosceptics the league i expect relatively little impact considering that the league the party with the least proeuropean stance seems to have come out weak said giuseppe sersale fund manager and strategist at anthilia in milan oil and gold steadied after drops against the rising dollar last week gold hit a morethan twoyear low on friday and bought 1643 an ounce on monday brent crude futures sat at 8629 additional reporting by danilo masoni in milan editing by sam holmes