The pound has tumbled to a 10-month low as fears grow the UK will have a hung parliament in the forthcoming election.

The currency fell 1.7% to drop below the 1.50 level against the dollar for the first time since May. It has lost 7% against the dollar this year.

The pound also fell against the euro and most other major currencies.

Separately, the world's biggest bond fund manager Pimco told the BBC it is concerned about UK government debt unless drastic action is taken.

The weak pound is good news for exporters, as their goods become cheaper to buyers overseas.

How long will it be before the higher cost of importing our energy is passed on to the consumer?

Once again it is the British public that will pay for the folly of the Conservative Governments decision to decimate our coal industry, leaving us exposed to world wide market forces for our energy needs.