Sterling falls against dollar for eleventh consecutive day.

Daily Telegraph (UK) ^ | 15/08/2008 | Harry Wallop

[PotatoHeadMick]

The pound has suffered its worst run against the dollar since 1971, after falling in value for eleven consecutive days, on fears that the British economy is heading for recession.

The plunging value of sterling came just two days after Mervyn King, the governor of Bank of England, said there was a "chill in the economic air" and a figures showed unemployment climbed in July by the most in almost 16 years.

[PotatoHeadMick]

"The US was the first economy to hit trouble," said Tim Clayton, chief strategist at currency advisory consultancy Investica. "Now people are realising that the UK has the same problems, if not more so, as the US."

[chaos_5]

British economy is heading for recession.

Nothing a few more carbon taxes and green collar jobs cant fix!

[rfp1234]

Up yours, George $oro$.

[utherdoul]

I had a british customer in today and he was talking about how good the buys were here stateside. I hadn’t looked at the exchange rate for about a week so I thought it was still at 2 to 1. I looked and the pound has fallen fifteen cents. I hadn’t thought to see that any time soon.

[kempo]

The dollar looks much better than a Euro when the Russian army is on the move.

[FlyVet]

Ouch.

[robomatik]

to quote the former philanderer in chief, "better put some ice on that."

i'll second the "ouch."

[G-Man 1]

Their will always be an England as long as there is an American dollar. So Winnie said.