Pound Plunges As Trade Gap Hits Record

After a relatively buoyant last few days it's back to square one for the pound after new data showed that the UK trade deficit with the rest of the world widened to its largest ever in November.

Britain's trade gap now stands at a whopping 8.330 billion pounds, the largest since records began way back in 1697.

The pound fell below $1.46 on the news, also dropping back below 1.10 against the euro.