The pound rallied back up to 1.51 US dollars after the Bank of England decision not to change the rate of quantitative easing.
The pound had earlier dipped below 1.50 against the US dollar on fears that the Bank would restart the printing presses.
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A 20-year-old man who died in a triple stabbing outside Parsons Green Tube station has been named by police.
Capable of crossing the Atlantic in under three hours, Concorde flew at over twice the speed of sound, reaching altitudes of 60,000ft.
The announcement is part of a £500 million cost-cutting drive which will take place over three years.