Ordinary Gweilo

The Sun really is a ridiculous newspaper.  Their front page today has this nonsense about a ‘Brown Monday’:

DEFEATED Gordon Brown yesterday sparked fears of a City meltdown after trying to hijack a Tory-Lib Dem deal for a unity government.

His bid to rise from the dead by persuading the Lib Dems to prop him up raised the prospect of a stock market "Brown Monday".

World markets were expected to dump the Pound as the deadlock at Westminster continued to cause widespread political and financial chaos.

A deadline for coming to a coalition deal last night was missed – opening up the prospect of a massive wobble when the markets opened at 7am today.

Mr Brown made a desperate late bid to get the Lib Dems on side.

Despite claiming he was acting in the nation’s interests, his meddling was not welcome by City experts as he threatened Nick Clegg’s delicate talks with David Cameron.

City experts?  Pah..  So how is the Pound?  Here’s The Guardian

9.49am: Looking at Britain again, and the pound has strengthened against the dollar to a morning high of $1.4984 (from $1.48 last Friday). This has compounded (for now at least) speculation of a ‘Brown Monday’ on the markets as investors ditched the pound because of fears of a Hung Parliament.

12.04pm: The pound perks up after the Bank of England’s decision to leave interest rates on hold. It rose 1.4% against the dollar to hit the day’s high at $1.5017, but was little changed against the euro.