Wednesday 9 November 2011

Euro falls to 8-month low versus sterling

The euro extended losses to hit an eight-month low against sterling on Wednesday, as fears about the euro zone debt crisis intensified, with benchmark Italian bond yields rising above 7 percent, a level widely deemed to be unsustainable.

The single currency fell 0.9 percent on the day to 85.17 pence, its lowest since early March.

read more: Olympus Wealth Management

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