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  Against the U.S. dollar after the British pound touched an all-time low Monday The Bank of England sought to reassure financial markets, but it’s entreaty fell flat for investors concerned about jolting a faltering economy that the government’s plan was meant to prop up and a sweeping package of tax cuts further. To boost interest rates to curb inflation the central bank said it was “closely monitoring’’ the markets and would not hesitate. As low as $1.0373 its statement came after the pound plunged, in 1971 the lowest since the decimalization of the currency, as the United Kingdom teeters toward recession by Treasury chief Kwasi Kwarteng would swell government debt and fuel further inflation on concerns that tax cuts announced Friday. “On Thursday in the medium term the bank will not hesitate to change interest rates by as much as needed to return inflation to the 2% target sustainably, which raised rates, and said it would fully assess the government’s tax and spending commitme...