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Posts Tagged ‘pound’s pounding’

The fire-sale flop: Gordon Brown’s plan to sell £16bn of assets sends pound plummeting

Posted by smeddum on October 13, 2009

By Tim Shipman

13th October 2009

Daily Mail

There was a Gordon of Brown
Who sold gold when it was down
Right at the bottom
Now in the Autumn
He looks to sell the whole town (fromMaxKeiser.com)

The pound fell to its lowest level in six months last night on news of Gordon Brown’s £16billion asset sale to ease the growing national debt.

Sterling plunged after the Prime Minister announced the plan to sell central and local government assets over the next two years. Read the rest of this entry »

Posted in Financial crisis, UK economy | Tagged: | Leave a Comment »

Sterling falls against the euro as parity beckons

Posted by smeddum on September 22, 2009

Sterling falls against the euro as parity beckons

By Deborah Hyde

22 September 2009

Citywire
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Sterling continues to fall against the euro as increasing numbers of market watchers believe a move to parity is on the cards.
At 10.44, sterling was trading at €1.1031 against the euro – within spitting distance of all-time lows of €1.0193 last December.
Ian Williams, strategist at Altium Securities, says yesterday’s quarterly report from the Bank of England has put extra pressure on sterling. Read the rest of this entry »

Posted in Financial crisis | Tagged: | Leave a Comment »

Sterling falls after weaker-than-expected UK CBI

Posted by smeddum on October 21, 2008

Sterling falls after weaker-than-expected UK CBI Reuters
Tue Oct 21, 2008 11:20am BST
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LONDON, Oct 21 (Reuters) – Sterling fell on Tuesday, hitting a session low against the euro after figures showed that UK manufacturers were the most grim on their business outlook in nearly 30 years, underlining ongoing economic weakness. Read the rest of this entry »

Posted in Financial crisis | Tagged: , , , | Leave a Comment »

 
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