It was a manic Monday for the British Pound, plunging hundreds of pips against major currencies on word of new troubles in the lending sector. Mortgage lender Bradford and Bingley, popularly known as B&B, is in serious trouble, and is selling off a huge chunk of its business in an effort to remain afloat. The news hit the British Pound hard, sending the currency spiraling to a 300 pip loss vs. the Japanese Yen in the space of three hours...
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