On London: Scant comfort to be found in the pound’s current decline (FT.com)
Posted by admin on September 9, 2008 under News | 
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On London: Scant comfort to be found in the pound’s current decline (FT.com)
FT.com – Sterling’s decline against the dollar showed no signs of slowing this week, but what was more interesting was the reaction of the London market. The FTSE 100 fell 7.1 per cent – its worst weekly performance in percentage terms in more than six years – turning on its head the idea that the UK market performs well during periods of dollar strength.
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