*Aussie jumps to 1-week high of 1.974 against euro and 6-day high of 58.76 against yen

Euro plunges to 8-week low against pound

*Euro plunges to 8-week low of 0.8797 against pound

Bank of England Cuts Rate By 50 Bps To Record Low 1%

*British Chambers of Commerce: With recession worsening, and deflation a distinct risk, there is scope for further interest rate cuts, to almost zero