Money transfers hit by low pound

Link to article

Last Modified: 29 Jan 2009
By: Ben King

The pound has been at a record low against other world currencies - and that is affecting the people who send money to their families in the developing world.

Money is often sent home to help with school fees, building costs or medical expenses.

It is worth more than three times the value of world aid spending - but families in Britain are finding that their pounds buy considerably less money for their families abroad than it did six months ago.

Fears over banks as pound plummets

Link to article

Last Modified: 20 Jan 2009
By: Faisal Islam

The pound slumps on the foreign exchange markets to its lowest level against the dollar for seven and a half years.

The currency was undermined by renewed fears over Britain's banks.

Shares in Lloyds dropped nearly 50 per cent at one point, despite yesterday's bailout.