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Telegraph - If The Facts Down Fit The Lie:

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Jamie Dunkley clearly knows no shame:

Sterling slides as pressure on Gordon Brown remains

Sterling came under renewed pressure on foreign exchange markets on Monday morning as the Labour Party's heavy defeat in the European elections intensified pressure on Prime Minister Gordon Brown.

.... Sterling has been on the backfoot since a spate of resignations, and last week's local election results intensified speculation about whether Mr Brown can survive in Downing Street. Analysts said that the continued uncertainty is giving dealers good reason to dump the pound.

"The longer the political uncertainty continues with Prime Minister Brown as a lame duck, the more the pound may suffer as a weak UK government will not be able to present credible solutions for the crisis," analysts at Commerzbank said...

Q. How much did the pound fall against the dollar in Jamie's "catastrophic free-fall"?

A. One cent.

Funniest story I've read in ages. Thanks Jamie.

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