Titanic Elects New Captain...

...sort of, but will the old one be in the mood to vacate his position? He's clung onto a post he wasn't even elected to man for so long now, why should he leave after this little setback? That reminds me of a song we know doesn't it children...

Every time just like the last
On his ship, tied to the mast
To distant lands
He's sent our pounds
Never a frown, with Gordon Brown...

Cue more tiresome playground squabbling, in-fighting, my Dad is bigger than your Dad and "is your Nick coming out to play Mrs Clegg?" stuff.

Certainly the forex market doesn't seem to like the look of it that's for sure, the pound is at it's lowest levels in a more than twelve months against the dollar.