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Pound hits new low against Euro

Posted on 11 November 2008

From Ukpress.google.com: British holidaymakers in Europe have been hit in the pocket as the euro reached a record high against the pound. At the low point in trading on Monday, one pound bought just under 1.22 euros - marking the currency’s weakest performance against the euro since its launch in 1999.

The euro’s strength comes in the wake of UK interest rates being slashed by 1.5% to 3% last week by the Bank of England….. Full Article: Source


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