24.10.08

Pound drops as Brown warns on recession

Sterling slumped to its lowest level against the dollar in five years on Wednesday as financial markets came to terms with the prospect of a deep recession and Gordon Brown conceded that the economy was about to contract.
http://www.ft.com/cms/s/0/9f68e0ce-9f97-11dd-a3fa-000077b07658.html

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