Pound sterling knocked to 25-year low

[evanovitch]

The British pound fell to a nearly 25-year low against the dollar and a record low against the yen Wednesday amid mounting fears about the British banking sector and expectations the Bank of England will start pumping money into the economy within weeks.

By late morning London time, the pound fell over two per cent in European <span style="font-weight: bold">trading to US$1.3622</span>, its lowest since September 1985, before recovering slightly to US$1.3742.

The pound also plunged to a new all-time low of yen120.832.

[RichD]

Re: Pound sterling knocked to 25-year low

dispite the struggle the US$$ remains strong

[evanovitch]

Re: Pound sterling knocked to 25-year low

yep..dem odda countries battling di effects of dem loans an tings dem bought from di US

[RichD]

Re: Pound sterling knocked to 25-year low

than nuh explain why the CAD a tek licks too

[evanovitch]

Re: Pound sterling knocked to 25-year low

solidarity wid Europe
oonno a share dem pain

[Wahalla]

Re: Pound sterling knocked to 25-year low

mi cool wid dat.. but the biggest effect will be the costy of energy... Last year we were protected by a stroong pound against the high cost of oil.. now this means that compared to last year we are probavbly paying corrected for inflation $60.00.. as the tax we pay on gas is linked to the US dollar price our petrol costs will reflect this...

[RichD]

Re: Pound sterling knocked to 25-year low

this go back to what i was sayint o doc but none of this is based on any empirical data ..its all jus based on how the traders/investors &quot;feel&quot;

[evanovitch]

Re: Pound sterling knocked to 25-year low

guess Doc a hole awn pon dat data..u done know Doc