Friday 24 October 2008

Sterling Crash Now worse than Black Wednesday

Sterling now suffering it's worst week since 1982 (by a long, long way) - 30% worse than Norman Lamont's Black Wednesday in 1992.

Week Ending Open Close Percentage
25 October 2008 1.7285 1.5498 -10.34%
19 September 1992 1.8723 1.7342 -7.38%
27 April 1985 1.278 1.216 -4.85%
03 August 1985 1.4278 1.371 -3.98%
04 October 2008 1.8445 1.7716 -3.95%

Hope Gordon is proud that he has not only "abolished boom and bust" but is now, apparently, "leading the world out of recession".
 

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