Pound Hits Five-Month Low Against the Euro

The HeraldMarch 29, 2011

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Summary


STERLING dropped yesterday to a five-month low against the euro, amid a seeming hardening of view that UK economic weakness might put back the timing of the first rise in benchmark interest rates from their record low.

The euro climbed to about 88.2p during yesterday's session - its highest level since last October. It was last night holding above 88p - up about 0.2p on its pre-weekend close against the pound.

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Extract


Pound Hits Five-Month Low Against the Euro

The single currency was trading below 84p as recently as the middle of last month but the pound has tumbled against the euro in rec...

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