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Darren Beddard Group moderator
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The pound plunged to its lowest level against the dollar since 1985
Economy fears spark plunge in sterling

The pound plunged to its lowest level against the dollar since 1985 on Wednesday amid growing fears for the economy and uncertainty about the government banking support package.

Sterling slid another 1.6 per cent against Britain’s main trading partners, taking its losses since Friday to almost 6 per cent. Against the dollar, the pound closed at $1.3733, a fall of 11 cents this week.

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http://www.ft.com/cms/s/0/5b836bbe-e802-11dd-b2a5-0000779fd2...
- 22 Jan 2009, 10:50 am
Darren Beddard wrote: > Economy fears spark plunge in sterling > > The pound plunged to its lowest level against the dollar since 1985 > on Wednesday amid growing fears for the economy and uncertainty about > the government banking support package. > > Sterling slid another 1.6 per cent against Britain’s main trading > partners, taking its losses since Friday to almost 6 per cent. > Against the dollar, the pound closed at $1.3733, a fall of 11 cents > this week. > > > find out more > > http://www.ft.com/cms/s/0/5b836bbe-e802-11dd-b2a5-0000779fd2ac.html