Pound Gets Happy Slapping

Having spent the last couple of days staging a mini rally, the pound is back where it belongs today, the victim of another happy-slapping.

The dollar, euro and yen are believed to have filmed the attack on their mobile phones and are being sought by police in relation to the incident.

Whether the last couple of days struggle back above 1.60 against the dollar was simply due to month-end profit-taking isn't clear. What is known is that the news that the manufacturing purchasing managers' index (PMI) falling to 49.5 last month from 49.7 in August, sparked the incident. A rise to 50.3 had been expected.

Swiss Franc, an innocent bystander said "the pound was just standing over there, looking in the window of Primark. Suddenly these three currencies, I didn't see their faces, came out of Aldi and started calling the him names. Sterling Toss, Pissy Pants Pound, that sort of thing. Next thing he was on the deck crying and taking a right good shoeing.

"Then they ran off in the direction of Ladbrokes singing something about the PMI is falling down, falling down, falling down, you big cry baby. It was horrible," he added.

The Police have appealed for any other currencies that were in Aldi at the time of the incident to come forward, although what it's got to do with Sting and Stewart Copeland I don't know.