Pound falls again on deficit fears
Mar 9th, 2010 | By | Category: Analysis• Sterling drops below $1.50 on warnings from ratings agency Fitch • January’s trade gap nears £8bn adding to pressure on pound Sterling fell on the currency markets again this morning following fresh concerns over Britain’s soaring deficit and its trade gap. The pound fell by 1.3 cents, taking it back below the $1.50 level at $1.494 after ratings agency Fitch said Britain must take firmer action to tackle the budget deficit.
