Do you have any questions about the falling pound and what it means for you?

Shortly, at 16:30 BST our colleagues on the News Channel will have a panel of experts on hand to help you understand the financial response to the chancellor's announcements last week.

You'll be able to watch by clicking the play button at the top of this page.

Dharshini David, the BBC's Economics Correspondent, will be there, along with Tom Selby, a consumer finance and pensions expert at the investment firm AJ Bell, and Patrick Reid, an expert in global currency markets.

This is your chance to ask anything to help you make sense of it all – and no question is a silly question.

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Andrea Pluck
BBC News

Kitchen designer Hayley says the fall in the pound has led to uncertain times ahead for her.

"It's bad, everything's going to cost more we’re going receive less money and I don't know what the future is going to hold really."

The mother-of-two, from Northampton, says she's worried about price increases as winter approaches, but will be keeping her heating on.

"I've got young children, I’m just going to go with it and see what happens," she added.

As for Christmas?

"I don’t know. We will have to play it by ear I think."

Dharshini David
Economics Correspondent

Sterling has recovered ground following speculation that the Bank of England might act in response its fall.

But it's important to note the Bank's response may not involve raising interest rates in the first instance.

It could try to calm nerves with a statement saying that it is monitoring markets and stands ready to help. That's the usual first step.

Or, it could use its foreign currency reserves, the rainy day fund, to buy up sterling on international markets, to bid up it's value. But that typically is a very short-term fix - and while the UK has over £100bn ($108bn) in reserves, that's less than many other nations.

That's why, increasingly, investors are betting that the Bank will enact an emergency rate rise, ahead of its next scheduled November meeting - perhaps of 1% or more.

That means investors might be keener to put their money in the UK, boosting sterling, as returns would be higher. It would also curb some of the extra inflationary pressures economists fear the mini-budget plans could unleash.

But the Bank's rate setters will also be mindful that such a move might be interpreted as a vote of no-confidence in the chancellor's plans

While walking between parliament buildings in Westminster, Chancellor Kwasi Kwarteng declined to comment on the financial market reaction since his announcements on Friday.

Asked repeatedly for a response to the volatility on the markets, he said: "I'm not going to make any comment now."

He proceeded to walk in silence as the journalist asked more questions.

As we've been reporting, City traders are increasing bets on an emergency rise in UK interest rates after the pound dropped to an all-time low.

The idea is that the move would help stabilise sterling before the Bank of England’s next meeting in November.

Professor Martin Weale, who sat on the monetary policy committee (MPC) from 2010 to 2016, suggested the plan was a lose-lose for the central bank. He told BBC News:

Asked about a possible emergency rates rise, Prof Weale, of King's College London, said there are "advantages [to] setting rates according to a regular timetable".

But he added: "It looks as if we [may be] going into a 1970s monetary policy scenario, where we have to set rates in response to what is happening on the markets and not just what is required to deal with inflation."

Kevin Peachey
Personal finance correspondent

The fall in the value of the pound has led to predictions that the Bank of England will raise interest rates sharply.

Following the government's decision to cut taxes and borrow more, there's speculation that the Bank could call an emergency meeting to hike rates as soon as this week.

The Bank has not commented.

It is already expected to raise rates at the next meeting of its monetary policy committee, on 3 November.

Rates are expected to peak at more than 6% next November, according to financial data provider Bloomberg.

They have already been rising this year.

On 22 September, the Bank raised rates by 0.5% to 2.25% - the highest level for 14 years.

Image source, .

More from the Conservatives, and this time from MP Danny Kruger, who says the pound’s position against the dollar “is serious” but he thinks markets will respond when they realise “the long-term value” of the measures laid out last Friday.

He told BBC Radio 4’s World at One that said sterling was being influenced by other factors too.

"We’re in a volatile currency moment and markets... can get spooked easily and the sentiment needs to settle, as I’m sure it will."

He says Liz Truss and Kwasi Kwarteng have taken "a very bold step to change the story and to get our economy moving with a bold set of reforms that will drive investment and liberate enterprise".

Lord Clarke, a former Conservative chancellor, has criticised his party's economic strategy, describing Friday's mini-budget as a "surprising gamble" which risks the party's reputation.

"The government has just had a budget which appears to take a much more relaxed view of borrowing, printing money for political aims, which tends to get all governments into the risk of some sort of financial crisis," he told the BBC.

He added that he agrees with the Bank of England's forecast that the UK may already be in a recession, and said it will be down to the Bank to "keep its foot down with further interest rates in order to restore confidence", as he said he can't see the government suddenly reversing its measures.

Image source, .

We're bringing you updates after the pound hit a record low earlier today - here's what's been happening.

• When the markets first opened in Asia, the pound fell close to $1.03 before regaining ground
• It comes after Chancellor Kwasi Kwarteng announced the biggest package of tax cuts in 50 years on Friday
• Shadow chancellor Rachel Reeves has accused the government of "fanning the flames" of the fall in the pound by borrowing too much
• If the pound stays low, it will mean imported goods and commodities like gas and oil which are priced in dollars will go up - adding to the already rising cost of living

• Neither the government nor the Bank of England will comment on the falling pound

Helen Catt
Political correspondent

The prime minister's official spokesman has said he does not expect the chancellor or the prime minister to issue a response to the falling pound, as they do not comment "on market movements or currency movements in that way".

He said the UK was "investing in its future through our growth plan, while remaining fiscally responsible and committed to driving down debt in the medium term".

He confirmed that the government was sticking with its plan.

Asked if the government was relaxed about further interest rate rises, he said interest rates were "a matter for the Bank of England".

He said that inflation was "something we are very conscious of and the fact that it is a challenge that countries are seeing everywhere".

He added that it was "right that we consider how best to control inflation" and it was "something the government is mindful of".

Image source, EPA

We've been reporting on the the pound's value plummeting, including what some financial experts and MPs believe can resolve the situation.

But what have other media outlets been saying? Let's take a look.

Looking at the potentially positive side of a weaker pound, the Daily Mirror says this will make it cheaper for foreign companies to buy UK goods - and for tourists to visit the UK. This could spell good news for retailers and restaurants, it adds.

On Chancellor Kwasi Kwarteng's mini-budget, the paper quotes an expert, external saying traders are "worried that some of the tax cuts that have been announced aren't going to be fully funded".

The Daily Mail writes , externalthat a weak pound spells "huge trouble for UK businesses", adding they face increasingly higher costs of importing goods from abroad.

Another expert is quoted , externalby The Guardian as saying the UK bond market is "getting smoked" thanks to Kwarteng's £45bn tax-cutting mini-budget.

At the Daily Telegraph, reports are focused , externalon traders increasing bets on an emergency rate rise by the Bank of England, which they predict will happen as part of an intervention to stabilise the pound.

Faisal Islam
BBC Economics Editor

The pound remains weak, after its early hours plunge to record lows against the dollar. But the most direct economic impact will probably arise from the renewed surge in borrowing costs for government, and to households and corporations through new mortgages and loans.

Again we hear that Downing Street will not comment on the market movements, but the risk for it is that the stimulus to the economy could be undermined or even wiped out by rises in interest rates to 5 or 6%.

When the pound was last at these levels, Margaret Thatcher - the then prime minister - said the same, while seeking President Ronald Reagan’s help, and trying to devise a way to trap currency speculators.

The markets just are not convinced by the contents, strategy and presentation of Friday’s mini-budget. Both interest rates and sterling are paying the price.

Image source, .

Image source, Reuters

Let's head back to London now, where the chancellor has refused to answer questions about the pound touching an all-time low following his mini-budget.

Approached by a BBC journalist, while walking between government buildings, Kwasi Kwarteng is asked: "Chancellor, what are you doing to do about the turmoil in the markets this morning, sir?"

Refusing to answer, the Tory MP replies: "I'm not going to make any comment now."

The reporter continues, asking what conversations Kwarteng is having with the Bank of England. He also asks if the chancellor has anything to say about what's going on.

"Are you going to reverse your announcement that you made last Friday?" the reporter asks, referring to the mini-budget, to which Kwarteng says only: "I'm just going to my office now, thanks."

As we've been reporting, there's speculation that the Bank of England could call an emergency meeting as soon as this week to hike interest rates again.

But when asked about the possibility of an emergency statement on the sharp fall in the pound today, a Bank of England spokesperson said "no comment".

We could get more of an idea of the Bank's next move at 17:00 BST, when there will be a speech by Silvana Tenreyro, a member of its monetary policy committee.

Nick Eardley
Chief political correspondent, at Labour conference

Labour has spent the last couple of years trying to strengthen its economic reputation.

Rachel Reeves has set out rules that mean all Labour policies are funded and costed.

The party is trying to park its tank on the government's lawn when it comes to fiscal responsibility.

The fall in the pound is a useful backdrop for the party to argue the Conservatives are no longer responsible when it comes to the economy.

But government ministers are sticking by their plan for lower taxes. They are convinced it will encourage investment and stimulate economic growth.

The ideological battle over how to grow the economy is under way.

Bringing her key note speech to an end, shadow chancellor Rachel Reeves says: "There can be no return to austerity. It has left our country poorer, our public services at breaking point, and our public finances in tatters.

"It's becoming clearer by the day that Labour is the party of economic responsibility and social justice."

She says Labour's priorities are "strong public services to support people and grow our economy; a greener, fairer Britain, with jobs for people in Britain; industries owned by the people of Britain; profits shared with the people of Britain; pro-business and pro-worker for a stronger economy, where you do well. Because when you do well, Britain does well.

"Hope and opportunity wherever you are, wherever you live."

Rachel Reeves says the "operational independence" of the Bank of England is something that should be cherished - and has contributed to "Britain's financial stability".

Taking aim at the Conservatives, she says the opposing party has "undermined" this independence, "sacked the respected permanent secretary to the Treasury, and gagged the Office for Budget Responsibility".

Honing in on the new PM, Liz Truss, and her chancellor, Kwasi Kwarteng, she goes on:

The Shadow Chancellor has announced that a Labour government would set the minimum wage at the real cost of living.

"The last Labour government delivered Britain's first ever national minimum wage," Rachel Reeves said, adding that the next Labour government will introduce "a genuine living wage".

"That's how we will give working people security, and that's how we will grow our economy too."

Chris Mason
Political editor, at Labour conference

Standing room only here in the hall for Shadow Chancellor Rachel Reeves’ speech.

After the government's vision the other day, and the reaction in the markets, this is Labour’s alternative.

This is the political territory that is now centre stage — and one where Labour have been perceived to be weak by many for years.

But they perceive a potential window to be heard through.

As Liz Truss's plan encounters turbulence, the battle to be seen to be responsible and credible is on.

Labour's Shadow Chancellor Rachel Reeves says the party wants to build British industry by creating a national wealth fund, with a focus on green projects.

"When I say I want to buy, make and sell more in Britain, I mean it," she said. "Wealth will flow back into your community, and onto your high street.

"Wealth that the British people will own a stake in, wealth that is invested in our country's future.

"That is a real plan for climate, that is a real plan for growth, and conference, that is a real plan for levelling up."