Friday, Mar 19, 2010
Double dip increasingly likely
BBC News: Pound falls on 'recession risk'
The pound has fallen sharply against the dollar and the euro after a Bank of England policymaker said the UK could yet fall back into recession.
The pound fell 2.5 cents, or 1.6%, against the dollar, to $1.502. Against the euro, it fell 1 cent, or 1%, to 1.109 euros.
The Bank's Monetary Policy Committee member Andrew Sentance said there was a chance of a double-dip recession.
The pound has been falling recently in the run-up to the general election.
Posted by exiges @ 07:59 PM (157 views) Add Comment
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