Tuesday, May 11, 2010

Pound slides on Labour coalition talks with Lib Dems.

That headline says everything that needs to be said about how desperate the right wing press are becoming now that the chances of Cameron becoming Prime Minister appear to be declining.

But note this:

Sterling dropped by more than a cent against the dollar, while the euro gained a penny against the pound, after Gordon Brown's unexpected announcement that he will manage negotiations with the Lib Dems before standing aside as Labour leader.
Sterling dropped by A CENT against the dollar. A CENT! And the Euro has gained a whole penny!

And yet we are told that this amounts to "the pound sliding". And they also conclude that this is because of Brown's announcement rather than the fact that Britain currently has a hung parliament.

They really are scraping the bottom of the barrel now.

Click here for full article.

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