Pound Hits Fresh All-Time Low Vs Euro; Why Not Splat The Banker?
The pounds demise continues today with the UK's beleaguered currency sliding to an all-time low against the euro for the second day in a row.
Sterling also slipped to its lowest level in twelve years on a trade-weighted basis.
After another batch of weak economic data showed home sales at their lowest in October since the series began 30 years ago, and another showed the biggest drop in retail sales for three years.
The pound hit its lowest level since September 1996 on a trade-weighted basis at 84.6.
Against the euro sterling fell to 82.13 pence, beating yesterdays all-time low of 82.07 pence.
The housing and retail sales data added further weight to market expectations that the Bank of England will need to cut interest rates further, even after last week's 150 basis point rate cut.
Still, if you're in need of a bit of light relief in the midst of all the doom & gloom, you could always try a quick game of Splat the Banker. My highest score is 600.
Sterling also slipped to its lowest level in twelve years on a trade-weighted basis.
After another batch of weak economic data showed home sales at their lowest in October since the series began 30 years ago, and another showed the biggest drop in retail sales for three years.
The pound hit its lowest level since September 1996 on a trade-weighted basis at 84.6.
Against the euro sterling fell to 82.13 pence, beating yesterdays all-time low of 82.07 pence.
The housing and retail sales data added further weight to market expectations that the Bank of England will need to cut interest rates further, even after last week's 150 basis point rate cut.
Still, if you're in need of a bit of light relief in the midst of all the doom & gloom, you could always try a quick game of Splat the Banker. My highest score is 600.