Pound slumps to its lowest level for more than 18 monthshit - This is Money

A flurry of reports showed a slump in retail sales, a collapse in consumer confidence, and a sharp slowdown in private sector activity.

The pound slumped to its lowest level for more than 18 months amid signs the economy is faltering in the face of soaring inflation.  On a worrying day for the Bank of England and Treasury, a flurry … [+3751 chars]

full article...