Tuesday, 1 January 2008

Biggest drop for sterling since '92

Uh,Oh! Entirely predictable as the UK economy is actually worse and more vulnerable than the US's.

Biggest drop for sterling since '92By Edmund Conway, Economics Editor
Last Updated: 11:03pm GMT 31/12/2007
The pound suffered its weakest annual performance for 15 years in 2007, as markets bet that 2008 will be a miserable one for the British economy.

But despite the chaos caused by the credit squeeze, London's blue chip index the FTSE 100 has risen by 3.8pc since the start of 2007, along with a host of other equity markets around the world.


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