Friday 7 May 2010

Pound and stock market on a rollercoaster over hung parliament and hints of a potential political deal

Daily Mail
"The pound fell and volatility reigned on the FTSE 100 Index today due to the UK hung Parliament and the Greek debt crisis.The pound at 5pm was 1.4666 dollars compared to 1.4931 dollars at the previous close having fallen to a year-low of $1.448.The FTSE eventually closed down 2.6 per cent at 5123, with £35.5billion wiped off shares. It has suffered its worst week since March 2009 and dipped by 7.6 per cent."

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