Friday 18 March 2011

Pounds falls to €1.14 as economy fears grow | This is Money

Pounds falls to €1.14 as economy fears grow | This is Money

The pound responded to more negative on the UK economy today by dipping to €1.143 - its lowest level since last November.

The pound has now fallen steadily from a level of €1.19 a month ago, as negative signs for the economy have accumulated and puched back the prospect of rate rises.
Sterling's latest bout of weakness came after a survey showed consumer confidence had been severely dented by doubts over the economic recovery and concerns over rising inflation.

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