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Pound sinks to record low as Labour faces crisis
London reports the pound sliding to a record 1.63 dollars amid Britain’s worsening economy. Callaghan defends policy amid Blackpool conference while Thatcher calls for stern pound protection. Markets react as inflation and unemployment rise, threatening recovery prospects. Margaret Thatcher comments on Conservative risk.
MENTIONED IN THIS ARTICLE
London
Blackpool
James Callaghan
Britain
Margaret Thatcher
Exc
Healey
Cinalet
Callaghan
Labor Party
Bill Callaghan