02.02.2009 - Gordon Brown rules out support for the UK currency
From Financialadvice.co.uk: In a startling U-turn the UK government has ruled out sustained support for sterling which appears set to move to parity against the euro. The currency has been in freefall for some time and there were hopes that the UK government would make positive noises to try and alleviate the pressure on the pound. However, Gordon Brown has suggested that the exchange rate is a matter for the "markets" and the government will not be intervening in any supporting role..... Full Article: Source
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