By Nigel Hodges of Currency Solutions

Reports of a Dollar bill found on the floor of the US Stock Exchange sent Wall Street into a frenzy this week. Described as 'crinkled but real' by theonion.com , the Dollar was discovered in the northwest corner of the building, giving new meaning to the term single currency.

Not really.

But governments and central banks around the world have been reaching deep into their pockets to spread a little cheer. The week has been painful for Pound watchers, as last week's hard won gains were wiped in the blink of an eye and economic dark clouds loom over the festive season. Let's hope the Christmas party provides something to laugh at!

This week has been laden with important economic data resulting in major pressure for currency markets and Sterling in particular. After fighting hard last week to break through the 1.2 and 1.5 levels versus the Euro and US Dollar, the Pound plunged back through both this week, reaching a 6 year low against the Dollar and an historic low of 1.14 against the Euro.