Pound falls to new low ahead of Brown rescue deal

The pound fell to a new low against the euro this morning and threatened to overshadow Gordon Brown's plan to rescue Britain's faltering housing market. The Prime Minister is due to announce a £1 billion rescue package later this morning, with schemes to help families in danger of having their home repossessed, to provide more council houses and to help first-time buyers get into the housing market through joint equity plans. One unconfirmed report also...