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Sterling slides as markets fall

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Sterling slides as markets fall
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The Britain’s pound has tumbled following comments from the British finance minister Alistair Darling about the tough challenges facing the UK’s economic. One pound is worth $1.80 and just over one euro twenty three cents.

European shares finished Monday’s session down, led by weaker commodity stocks which were tracking falling oil and metals prices.

Copper prices fell nearly 3%, nickel dropped 5%and zinc slipped 2%. However the fact that crude oil slipped to its lowest in more than four months helped the shares of airlines and car makers.