| 11.11.2008 - Pound hits new low against Euro |
| 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 |