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Pounds falls to five-year low on Iceland exposure

telegraph.co.uk
10-Oct-2008
        
Story Timeline:  44 days

The pound fell to $1.68 before the London stock market opened, the lowest since November 2003. If it doesn't recover during the day, the weekly drop will be the biggest since 1992. Some currency traders cited concern about Britain's dispute with Iceland over who is reponsible for compensating UK savers with money stuck in Icelandic banks Kaupthing and Landsbanki. Prime Minister Gordon Brow has demanded as much as £20bn belonging to individual savers, companies and local councils be returned by Iceland. Other traders said the pound was suffering as investors rushed back to... [read full story]                    

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 newsvine.com 11-Oct-2008
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currencynews.co.uk: Pound declines on Iceland issue currencynews.co.uk

Pound declines on Iceland issue

currencynews.co.uk
10-Oct-2008
        

The pound weakened Friday on concerns that a dispute between the UK and Iceland over financial assets each nation holds in the other will intensify after UK Prime Minister Gordon Brown threatened to freeze Icelandic assets in...

                   

Financial crisis Pound at lowest level against dollar in five years

telegraph.co.uk
10-Oct-2008
        

The pound has slumped to its lowest level against the dollar in five years as mounting fears over the health of the UK economy sent sterling crashing. Just three months after surging above $2.10 to the pound, the past few weeks...

                   

UK pound falls to 5-year low against dollar on fears that Iceland spat could escalate

canadianbusiness.com
10-Oct-2008
        

LONDON (AP) - The pound fell to its lowest level against the dollar in five years Friday on fears that Britain's banking sector could suffer more losses from the world financial crisis, and that the dispute between Britain and...

telegraph.co.uk: The pound reached a five-year low against the dollar. telegraph.co.uk

Pounds falls to fiveyear low on Iceland exposure

telegraph.co.uk
10-Oct-2008
        

The pound fell to a five-year low against the dollar, on concern about Britain's exposure to collapsed Icelandic banks. The pound reached a five-year low against the dollar. Photo: GETTY The pound fell to $1.68 before the...

Pound hits 5-year low vs dollar

inquirer.net
10-Oct-2008
        

TOKYO -- Sterling slid to a five-year low against the dollar on Friday, with European currencies taking a hit from their steep sell-off against the safe-haven yen on the worsening crisis in financial markets.

Pound hits 5-year low vs dollar as crisis deepens

finanznachrichten.de
10-Oct-2008
        

TOKYO, Oct 10 (Reuters) - Sterling slid to a five-year low against the dollar on Friday, with European currencies taking a hit from their steep sell-off against the safe-haven yen on the worsening crisis in financial markets....