TIMESONLINE: The pound fell to a two-year low of $1.80 against the dollar today as the market digested last week's comments by Chancellor Alistair Darling that Britain could be heading for the worst economic conditions for 60 years.
Sterling also weakened ahead of this month's interest rate decision on Thursday, on hopes the Bank of England's Monetary Policy Committee (MPC) will vote to cut borrowing costs. Pound Falls to Two-Year Low on Darling Blunder >>> By Dearbail Jordan | September 1, 2008
THE TELEGRAPH:
Sterling Tumbles to Record Low against the Euro >>> By Rowena Mason | September 1, 2008
TIMESONLINE:
Chancellor Alistair Darling Feels Heat as Sterling Plunges: Business leaders accused Alistair Darling of talking Britain into a recession as the pound fell to a record low yesterday. The Chancellor’s warning that Britain is facing its biggest economic challenge for 60 years was described as a “self-fulfilling prophesy”. >>> By Francis Elliott, Peter Riddell and Christine Buckley | September 2, 2008
THE TELEGRAPH:
Sterling Sell-off Intensifies as Investors Turn Their Backs on Britain: The pound's slump accelerated for a second day in London as traders abandoned British investments following Alistair Darling's warning that the economy is facing its worst threat for 60 years >>> By Edmund Conway, Economics Editor | September 2, 2008
THE FINANCIAL TIMES:
Dollar Surges as Commodities Sell-Off >>> By Peter Garnham | September 3, 2008
BBC:
Pound Dips Further against the Dollar >>> | September 3, 2008
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