I fail to understand how the MSM can come up with twatty headlines like this. Here's a chart of GBP against a basket of currencies* since 1990 (click to enlarge):
Feel free to make up your own commentary, but "five-year low" is not the first thought that springs to my mind.
* USD, CAD, EUR, CHF, GBP, JPY, SGD and AUD.
What have we wrought in the UK?
50 minutes ago
2 comments:
Ah! Al-Jabeeba! Well, the thing is, if they said "10 year low", people might think that Gorgon had totally wasted the boom years that he inherited from John Major.
And Al-Jabeeba isn't going to play that game.
Thanks Mark...
I must admit from my own memory (and travels to all points on the compass) the headline being screeched by the Beeb didn't sound correct to me either.
No doubt the Greatest (ex-)Chancellor since King Midas will hail the weakened Pound as a boost for our exporters? Forgetting of course that with a shrinking World economy and expensive credit there are no buyers for our superbly priced goods and services. Meanwhile the rest of us are saddled with dearer imports... you know, things like food and fuel (anyone have the feeling we've been here before?).
All we need now is for some damn fool to go and slash interest rates. Damn it, I hate these muppets!
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