Royal Pound Falls Ahead of Spending Review

  Royal Pound Falls Ahead of Spending ReviewThe British pound dropped against majors, except the dollar, ahead of the release of Osborne spending review as budget squeeze widened to the highest level since 1993 in September. Public sector net borrowing shortfall reached 15.6 billion pounds from 14.8 billion pounds a year ago, while cash requirements climbed to 20.7 billion pounds from 6.2