Pound Pounded to 21-Month Low!--IFCN Wk 36 -Mon- Equity: $835.63.

The pound slid to its lowest level in almost 21 months against the dollar after a vaunted report indicated that the current credit squeeze brought the real estate market to a "virtual standstill".

Banks have curbed lending as they handle outright losses and writedowns due to fallout from the troublesome