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Pound plunges on hung Parliament fears

The pound plunged to a ten-month low yesterday on fears that the UK is heading towards a hung Parliament at the general election.

Sterling dropped 1.7 per cent to below $1.50 against the dollar – the weakest level since May 2009.

At 8.30am this morning, the pound stood at $1.489.

The fall in sterling came after opinion polls revealed at the weekend that election may result in Labour remaining the largest party but without an overall majority in Parliament.


£16M losses for PosSol and Origen

Aegon’s adviser businesses Positive Solutions and Origen racked up losses of £16m in 2009 after a £1m loss in 2008. Results from Aegon, published last week, show the IFA firms lost £8m in the fourth quarter and £3m in the third quarter, with the remainder of the losses made in the first half of last […]


Prudential chief stresses commitment to UK

Prudential group chief executive Tidjane Thiam has committed to the UK market claiming it “remains key” to the group’s aim of generating sustainable, increased shareholder value.

Swip takes on DFM

Scottish Widows Investment Partnership – Swip Multi-Manager Optimal Multi-Asset Fund


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