Day: October 22, 2008

Pound Slides on King’s Recession Outlook

The Great Britain pound dropped to the lowest rates in several years against the dollar and the yen and the weekly low against the euro today after the BoE Governor Mervyn King said that the recession is very likely due to the worst banking crisis since World War I. The pound fell to the lowest level since September 2003 against the U.S. dollar […]