{"id":374954,"date":"2010-03-01T06:43:00","date_gmt":"2010-03-01T11:43:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/pound-tanking-as-threat-of-british-hung-parliament-looms-2010-3"},"modified":"2010-03-01T06:43:00","modified_gmt":"2010-03-01T11:43:00","slug":"uk-pound-getting-bludgeoned-as-threat-of-british-hung-parliament-looms","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/374954","title":{"rendered":"UK Pound Getting Bludgeoned As Threat Of British Hung Parliament Looms"},"content":{"rendered":"<p>&nbsp;<\/p>\n<div style=\"float: left; padding: 15px 15px 15px 0;\">\n<script type=\"text\/javascript\">\/\/ <![CDATA[\ntweetmeme_source = 'themoneygame'; tweetmeme_service = 'bit.ly';\n\/\/ ]]><\/script><br \/>\n<script src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\" type=\"text\/javascript\"><\/script>\n<\/div>\n<p>The British pound is tanking as recent opinion polls show support for the Conservative government falling. This implies that the U.K. could have its first first minority government <a href=\"http:\/\/www.businessweek.com\/news\/2010-03-01\/pound-drops-against-dollar-as-conservative-party-lead-narrows.html\">since 1974<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p>A minority government would increase the chances for a hung parliament whereby nothing happens due to political gridlock. As our colleague Gregory White highlighted <a href=\"http:\/\/www.businessinsider.com\/why-a-hung-parliament-could-mean-credit-downgrades-for-the-uk-2010-2\">a week back<\/a>, &#8216;A hung parliament for Britain would mean no &#8216;Austerity Budget,&#8217; more market uncertainty, and a near definite credit downgrade from AAA for the country. The UK would become target number one for speculators as a result, if it isn&#8217;t already.&#8217;<\/p>\n<p>Thus the pound is being slammed:<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b8ba5b07f8b9a092b310500-550-\/chart.png\" border=\"0\" alt=\"Chart\" width=\"550\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/pound-tanking-as-threat-of-british-hung-parliament-looms-2010-3#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/brown-breaks-with-gop-to-support-jobs-bill-2010-2\">Scott Brown Bucks His Party, Won&#8217;t Thwart Democrats On Jobs Bill<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/who-is-the-bigger-hypocrite-welfare-tea-baggers-or-pro-bank-progressives-2010-2\">Who Is The Bigger Hypocrite: Welfare Tea Partiers Or Wall Street-Friendly Progressives?<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/why-a-hung-parliament-could-mean-credit-downgrades-for-the-uk-2010-2\">A UK Hung Parliament Is Coming, And The Country&#8217;s First Credit Downgrades Could Be Right Behind<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/so0N-mIk-dk\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The British pound is tanking as recent opinion polls show support for the Conservative government falling. This implies that the U.K. could have its first first minority government since 1974. &nbsp; A minority government would increase the chances for a hung parliament whereby nothing happens due to political gridlock. As our colleague Gregory White [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-374954","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/374954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=374954"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/374954\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=374954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=374954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=374954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}