{"id":29959,"date":"2013-03-11T23:51:45","date_gmt":"2013-03-11T22:51:45","guid":{"rendered":"http:\/\/www.presstv.ir\/detail\/2013\/03\/11\/293103\/pound-continues-to-fall-against-dollar\/"},"modified":"2013-03-11T23:51:45","modified_gmt":"2013-03-11T22:51:45","slug":"pound-continues-to-fall-against-dollar","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/breaking-news\/pound-continues-to-fall-against-dollar\/","title":{"rendered":"Pound continues to fall against dollar"},"content":{"rendered":"<p><span id=\"ctl00_body_spnDetail\">British pound continues to fall against the dollar.<\/span><\/p>\n<div id=\"divDetailBody\">\n<p>British pound has continued to fall against the dollar, raising fears that the country could slide into a triple-dip recession.<\/p>\n<p>Sterling once again slid against dollar to $1.4868 on Monday, its lowest level since the early days of the coalition in 2010, and during the 2008-2009 recession.<\/p>\n<p>Earlier in February, the currency plunged to a two-year low against dollar to $1.5073, after credit ratings agency Moody\u2019s downgraded the British government\u2019s bond rating from the top AAA to AA1 due to the country\u2019s rising debt and slowing growth.<\/p>\n<p>&#8220;The overriding concern is that the government is giving little indication that it will take its foot off austerity which is hurting economic growth,&#8221; said Market analyst Nawaz Ali from Western Union.<\/p>\n<p>Earlier last week, British Business Secretary Vince Cable urged Chancellor George Osborne to change his economic course by borrowing more in order to stimulate growth in the economy.<\/p>\n<p>Cable also announced that the Chancellor\u2019s deep cuts to capital spending have had adverse \u201ceconomic consequences\u201d.<\/p>\n<p>Osborne and British Prime Minister David Cameron, however, have so far rejected calls for a change in fiscal policy, saying that increasing government expenditure or cutting taxes would not help Britain\u2019s struggling economy.<\/p>\n<p>MOS\/SSM\/HE<\/p>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/pixel.quantserve.com\/pixel\/p-89EKCgBk8MZdE.gif\" border=\"0\" height=\"1\" width=\"1\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p><span>British pound continues to fall against the dollar.<\/span><\/p>\n<div>\n<p>British pound has continued to fall against the dollar, raising fears that the country could slide into a triple-dip recession.<\/p>\n<p>Sterling once again slid against dollar to $1.4868 on Monday, its lowest level since the early days of the coalition in 2010, and during the 2008-2009 recession.<\/p>\n<p>Earlier in February, the currency plunged to a two-year low against dollar to $1.5073, after credit ratings agency Moody&rsquo;s downgraded the British government&rsquo;s bond rating from the top AAA to AA1 due to the country&rsquo;s rising debt and slowing growth.<\/p>\n<p>&#8220;The overriding concern is that the government is giving little indication that it will take its foot off austerity which is hurting economic growth,&#8221; said Market analyst Nawaz Ali from Western Union.<\/p>\n<p>Earlier last week, British Business Secretary Vince Cable urged Chancellor George Osborne to change his economic course by borrowing more in order to stimulate growth in the economy.<\/p>\n<p>Cable also announced that the Chancellor&rsquo;s deep cuts to capital spending have had adverse &ldquo;economic consequences&rdquo;.<\/p>\n<p>Osborne and British Prime Minister David Cameron, however, have so far rejected calls for a change in fiscal policy, saying that increasing government expenditure or cutting taxes would not help Britain&rsquo;s struggling economy.<\/p>\n<p>MOS\/SSM\/HE<\/p>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/pixel.quantserve.com\/pixel\/p-89EKCgBk8MZdE.gif\" border=\"0\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"author":1213,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[487],"tags":[],"class_list":{"0":"post-29959","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-breaking-news"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/29959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1213"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=29959"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/29959\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=29959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=29959"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=29959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}