Friday, 5 June 2009

Pound plunges as political confusion drains confidence in sterling

Daily Mail
"Analysts blamed the political turmoil for the loss of confidence in sterling, with fears over a Labour poll drubbing adding to the sense of disquiet caused by a spat within the party.Mr Brown was dealt a further blow today with the resignation of the Work and Pensions Secretary James Purnell and Defence Secretary John Hutton today.Mark O'Sullivan of Currencies Direct said the pound was not likely to recover while the Westminster machinations continued."
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Political chaos see pound take a tumble (Telegraph)

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