Sterling throws a wobbly

摘要

The pound came under fierce assault this week, panicking many in the markets. On March 1st it lurched down against the dollar by 2%. Although it then regained a little ground, sterling has in fact been sliding for weeks. Since the end of January it has lost 6% against the dollar and over 4% against even the troubled euro. This latest plunge makes sterling the weakest of the main currencies this year.