Falling dollar puts markets under pressure

The impact of the falling greenback was felt around the world this week as the pound soared towards the magical two dollar level.

Falling dollar puts markets under pressure
Fri, 01 Dec, 2006 - 13:10
1

The impact of the falling greenback was felt around the world this week as the pound soared towards the magical two dollar level.

Sterling hit a peak of 1.9754 US dollars – its highest level since it crashed out of the European Exchange Rate Mechanism (ERM) on Black Wednesday in 1992.

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