Building society Nationwide plans to raise 1.5 billion pounds ($2.3 billion) via a th

eeja

....and a large rise in unemployment AND the pound nearing $1.50 its lowest level in many years.

JayTee99_2

Wow, depressing, eh?

you forgot to add that the Indian Rupee is in similar position
Pound no worse than the Rupee against the US Dollar

Nov. 12 ( Bloomberg ) -- India's rupee tumbled the most since February 1996 on concern a deepening global economic slump is damping demand for emerging-market assets.
The currency dropped for a second day to the lowest level in more than a week as the nation's benchmark share index posted the biggest two-day loss in almost three weeks. The overseas forwards market for rupees shows investors increased bets for how far the currency will weaken over the next month.
The trend is broadly negative for equity indexes and currencies across Asia as concerns about global growth dominate,''
`The rupee could weaken further in the coming days.''

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aBSD9Wp8PhEE




United States Dollar - Pound Sterling







United States Dollar - Indian Rupee




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