Pound
Dec 11 2008, Kamal Kishore

Britons face dearer holidays after the pound approached parity with the euro.

Sterling slumped to an all-time low against the single currency and to its worst rate for 18 years against other major currencies.

When the pound was at its strongest...

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London:

People walk by a currency exchange rate display board in the City of London, Friday, Oct. 10, 2008. The pound fell to its lowest level against the dollar in five years, Friday, on fears that Britain’s banking sector could suffer more losses from the...