Published Date:
03 December 2008
ON MONDAY sterling had the largest fall since it was forced out of the ERM on Black – or White? – Wednesday in 1992. The pound was down 3.5 per cent against the dollar to $1.48, as well as 2.9 per cent against the euro, at 1.17. Yesterday, the pound also hit a 13-year low against the Japanese yen, at ¥137.14.
It says a lot about the welter of bad economic news in which we have been drowning for the past year that a sterling crash of this magnitude did not make it to the front pages except as a modest wing column in the Financial Times. Can we conclude tha...
The full article contains 1142 words and appears in The Scotsman newspaper.
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Last Updated:
02 December 2008 8:58 PM
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Source:
The Scotsman
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Location:
Edinburgh
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Related Topics:
George Kerevan
