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Monday 08th of March 2010

News Tag: hung parliament

March 2, 2010

Euro slumps to nine-month low against dollar

by Kay Murchie
Euro slumps to nine-month low against dollar
Growing fears over the debt crisis in Greece continue to weaken the value of the euro and it sank further today to 1.3436 dollars - a level not seen since May 2009. Greece is currently taking action to reduce its public deficit from 12% to 8% of GDP this year. The country currently has the highest debt of the 16-member euro zone ...



March 1, 2010

Sterling dives to 10-month low amid election fears

by Kay Murchie
’Sterling
The pound plummeted to a 10-month low today over fears of a possible hung parliament in the forthcoming election. Sterling lost 1.6% and dipped below $1.50 for the first time since May 2009 - it has already lost 7% against the dollar this year. The pound also lost ground against the euro and many other major currencies. A Sunday ...