Fears for Irish exports as sterling falls against euro
The pound fell to its lowest level against the euro since the single currency was introduced in 1999, as the currency markets digested comments by the British chancellor of the exchequer, Alistair Darling, that Britain was facing its worst economic downturn for 60 years.
In early trading yesterday the euro traded at 81.39p, its highest ever rate against the pound, but it declined slightly to 81.05p by late afternoon while it traded at a two-year low of $1.80 against the dollar.
