LONDON (AP) - the pound slipped towards a point under six weeks against the dollar Monday after the warning of the weekend of the British government who will take a stake from the majority in the PLC of the group of banking activities of Lloyds in exchange for assuring up to 260 billion pounds of assets in the ill bank. By the time of London of the noon, the pound was underneath 1,8 percent in $1.3832, previous falling to $1,3776, the lowest level from the last January $1,3501 - itself the level more under almost 24 years.

The pressure of last sale in the pound was fed by the news that hope that the stake of the British government in

Lloyds rises at least from 43,5 percent to 65 percent. In interchange, Lloyds it will most of secure the insurance for the potential losses in his assets, that were acquired when Lloyds TSB assumed the Halifax/el control bank of Scotland.

Although the news were as soon as a surprise, given the problems in Lloyds, put in the relevación the potential exhibition from the government to the system of banking activities acute.

“The news are more tube-forage for the markets of modernity, always happy to give sterling good for striking with the foot,” said kit Juckes, head of the investigation and the strategy in the real bank of Scotland, itself of the credit of the market majority-owned by the government.

The pound, that has fallen of overflows of the total summer of $2 aforesaid ones, has spoiled in all the sides these last months in the middle of preoccupations of the assembly by the scale of the British recession and the problems that afflicted the system of banking activities.

In addition, the warning of the week last of the bank of England that has destined 75 billion initial pounds of its reserves to buy above for the assets of the banks, mainly under the form of connections, has piled up the additional pressure in the pound whereas the investors worry about the probable success of this strategy “that she facilitates” quantitative supposed.

The bank of the bean of Charles of the governor of deputy of England did reference in a commentary Monday of the newspaper that the central bank can have to pump more money in the economy if the initial cost could not animate to the banks that begin to render again. If it works then it will probidet to much needed boost to the British economy, which contracted by to quarterly 1,5 percent rate in the last three months of 2008 and is projected to remain in a deep recession through most, if not all, of this to year.

Writing in the Daily Mail, cash Sees you defend the injection, arguing that the problem in the British economy right now is that there is not enough money and spending. The Bank, there am said, there are the “scope to do dwells if that proves necessary.”

Britain's finance to minister Alistair Darling you have given the Bank of England the authority to spend up to 150 billion pounds of its own money buying up assets from the banks.

“While investors wait to see how quantitative easing helps the economy, the pound should remain to under pressure against to dollar but we still look for relative sterling strength versus the Euro amid unresolved Euro zone concerns and uncertainty regarding future Central European Bank policies,” said Brian Kim, to currency strategist AT UBS.

While the Bank of England there are announced its plans to pump its own money into the economy, the Central European Bank there are shown Officers' Club of Revolutionary Armed Forces less enthusiasm to go down the quantitative easing route.

For One of the main difficulties the Central European Bank is how it would select assets to buy. The bank can't buy government bonds, and even buying assets in one country might open it to accusations of favoritism.

In a speech to earlier, Juergen Stark, an executive board to member AT the Central European Bank stressed that any non-standard measures must sees used to pursue the central bank's mandates of keeping inflation “close to, but below” 2 percent.

“We will do to whatever we judge to sees necessary and appropriate to maintain price stability and contribute to the preservation of financial stability, but we will strictly adhere to these principles,” there am said.

Last week, the bank's president Jean-Claude Trichet indicated that non-standard measures were being discussed but said that did not pisses it would necessarily enact any such measures.

By midday London Time, the Euro was back stupefies 0,91 pounds, reigniting talk that foreign exchange traders may attempt to break stupefies parity eleven again. Over Christmas and the New Year, parity was nearly breached.