Latest Pound sterling Stories
SPOKANE VALLEY, WA, Feb. 24 /PRNewswire-FirstCall/ - Revett Minerals Inc.
A London restaurant said it has begun a monthlong promotion to allow customers to skip the bill and pay only what they feel their meal was worth. The Little Bay restaurant said all patrons who dine during the rest of February will be asked to pay whatever they consider to be a fair amount instead of receiving a bill, Sky News reported Wednesday. Little Bay owner Peter Ilic said the promotion is aimed at easing the stress of the economic downturn. Anything between a penny and 50 pounds ($72)...
The British pound has fallen to its lowest level relative to the U.S. dollar since 1985 in the wake of statistics showing a shrinking economy, observers said. The pound sterling on Friday slid by more than three-quarters of a cent against the dollar to $1.3668, the lowest level in 24 years.
A 1.5 percent slide in Britain's gross domestic product in the fourth quarter confirmed the wide belief that the U.K. economy is in a recession.
Notable American investor Jim Rogers, co-founder of the Quantum Fund, said the British sterling, plunging in value, was a lost cause. I would urge you to sell any sterling you might have.
Britain's trade gap grew to a record $12.1 billion in November, the government said Tuesday. The deficit jumped $1 billion from the October deficit of $11.1 billion, as the trade imbalance with non-European countries grew from $6.4 billion to $7.7 billion, also a record, The Times of London reported. Imports in November, excluding oil, shrank for the fourth consecutive month, dropping 1.8 percent. The widening gap shows the UK can't rely on the global economy or the fall in the pound to drag...
Organizers of this year's Rose Parade in Pasadena, Calif., say the economic crisis forced new cost-trimming and fund-raising efforts. Fiesta Parade Floats official Tim Estes, whose company created 12 floats for Thursday's event, said smaller companies and organizations attached to the annual event were
The tumbling dollar has undermined the lifestyle U.S.
SAINT PAUL, Minn., Dec.
A Bank of England official said that cuts in the bank's key lending rate to near zero were a possibility. We have to recognize that (zero interest rates are) a possibility, the bank's deputy governor, Charlie Bean, said. The bank rate is still at 2 percent, so we have some margin to go yet, but of course we may find ourselves getting them all the way to near zero, he said, the Telegraph reported Friday. A cut to near zero would match steps made in the United States, where the Federal Reserve...
- A serpent whose bite was fabled to produce intense thirst.