Wednesday, December 17, 2008

British Pound Weakens to 93 Pence per Euro for First Time

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 [email protected] Last Updated: December 17, 2008 12:32 EST

Posted by frenchie @ 05:57 PM (599 views)
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One thought on “British Pound Weakens to 93 Pence per Euro for First Time

  • 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’?

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