Wednesday, Dec 17, 2008
British Pound Weakens to 93 Pence per Euro for First Time
Bloomberg: British Pound Weakens to 93 Pence per Euro for First Time
By Justin Carrigan
Dec. 17 (Bloomberg) -- The British pound weakened to 93 pence per euro for the first time and traded at 93.07 pence as of 5:31 p.m. in London.
To contact the reporter on this story: Justin Carrigan in London at jcarrigan@bloomberg.net
Last Updated: December 17, 2008 12:32 EST
Posted by frenchie @ 05:57 PM (167 views) Add Comment
1 Comment
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1. bystander said...
isn't a drop of 10 euro cents in 2 weeks a 'run' or a 30% devaluation against the euro in a year a 'run'? What would a technical 'run' on the currency look like? I believe the ERM debacle caused a 15%ish devaluation of sterling and that was called a 'run' (Soros did rather well I believe) so would this technically be called a 'sprint'?