The first is economic disaster, as beset, for example, Labour after the 1967 devaluation of the pound and the Tories after the rise in unemployment of 1980-81.

ECONOMIST: Riding high

For both the Greeks and the Italians we can assume that the move has two causes: one is the devaluation of the pound against the euro in recent years which makes London property look cheaper to euro based buyers.

FORBES: London Property: The Home of Flight Capital

Monday's slide of the Egyptian pound came on the second day of trading under a new dollar auction system aimed at regulating the devaluation.

MSN: Egypt's pound slips further against dollar