THE GUARDIAN: Sterling falls to $1.36, its lowest level for 25 years / Government debt rises to 47.5% of national income
Sterling slumped to its lowest level against the dollar for nearly a quarter of a century today on persistent fears about the health of Britain's banks and worries that the cost of bailing them out could be a millstone round the economy's neck for many years to come.
The pound fell as low as $1.362 during a hectic trading day, pressured also by bad public finance figures and a speech by Bank of England governor Mervyn King on Tuesday night that indicated that further action would be needed to prevent the economy melting down. >>> Ashley Seager and Kathryn Hopkins | Wednesday, January 21, 2009
The Dawning of a New Dark Age (Paperback & Hardback) – Free delivery >>>
