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Pound plunges to five-year lows after King admits recession has arrived

Home  Oct, 2008

Pound plunges to five-year lows after King admits recession has arrived - The pound plunged to a five-year low last night after Bank of England governor Mervyn King warned for the first time that Britain had entered a recession



Pound plunges to five-year lows after King admits recession has arrived  [10/22/2008 01:17 PM]
The pound plunged to a five-year low last night after Bank of England governor Mervyn King warned for the first time that Britain had entered a recession
Emergency rate cut decision was unanimous  [10/22/2008 01:17 PM]
The emergency 0.5% interest rate cut at the height of the banking turmoil two weeks ago was given unanimous approval by Bank of England rate-setters
Market report: Wednesday latest  [10/22/2008 01:17 PM]
09.20:The price of black gold may have plummeted in recent days but the oil sector still has its fans
Barnsley BS to merge with Yorkshire  [10/22/2008 01:17 PM]
Yorkshire and Barnsley building societies have announced they are to merge, but there are no plans to give members a cash windfall
House prices 'heading for 35% drop'  [10/22/2008 01:17 PM]
House prices will fall a record-breaking 35% by next autumn, economists have warned, wiping around £65,000 off the average house value
Libor lowest since collapse of Lehman  [10/22/2008 01:17 PM]
The interest rates banks charge each other for short-term loans fell to their lowest since before Lehman Brothers failed
Insurers hit millions of savers with exit fees  [10/22/2008 01:17 PM]
Millions of savers with nest eggs could lose thousands of pounds as insurance companies introduce exit-fee charges for those who withdraw money
£1.6m trader sues for £92,000 extra  [10/22/2008 01:17 PM]
A £1.6 million-a-year City trader is suing his employer for £92,000 after claiming he did not get a big enough bonus
Switch to sovereign funds, says Sarkozy  [10/22/2008 01:17 PM]
Nicolas Sarkozy backed plans for Europeans to set sovereign wealth funds to take stakes in stricken companies and protect them from 'predators'
'Arrogant' Lloyds to pay bonuses despite bail-out  [10/22/2008 01:17 PM]
Lloyds TSB has been accused of arrogance after telling staff they will get bonuses this year despite the government crackdown bonuses
Outcry over looming Royal Mail sale  [10/22/2008 01:17 PM]
Lord Mandelson is backing a sell-off of the Royal Mail, putting him on a collision course with Labour MPs
Bills must be cut in winter says watchdog  [10/22/2008 01:17 PM]
Energy companies are coming under huge pressure to cut bills this winter following the recent dramatic fall in oil prices
Dark days for industry signal recession  [10/22/2008 01:17 PM]
Britain is on the brink of a deep and lengthy recession, economists warned after latest figures on manufacturing sector were worse than expected
Oil giants join supermarkets in cutting petrol prices  [10/22/2008 01:17 PM]
The price of petrol dropped as low as 97.9p a litre today as Britain's leading fuel retailers made further reductions
Young shoppers keep Sir Philip smiling  [10/22/2008 01:17 PM]
Topshop owner Sir Philip Green today defied the credit crunch and praised Kate Moss as a 'fantastic ambassador'
With-profits investors kicked again  [10/22/2008 01:17 PM]
Hedge fund rescues can turn the market  [10/22/2008 01:17 PM]
Shameless spin from banks' sinless wonders  [10/22/2008 01:17 PM]
UK economy: Governor's gloomy tidings  [10/22/2008 01:17 PM]
Midas share tips: So little choice over Santander  [10/22/2008 01:17 PM]