Sterling slides to record low against euro

Sterling plunged against major currencies today, hitting a record low against the euro, following signals that the Bank of England may cut interest rates further.

Sterling slides to record low against euro

Sterling plunged against major currencies today, hitting a record low against the euro, following signals that the Bank of England may cut interest rates further.

Indications that the bank is ready to cut rates to all-time lows below 2% to stave off a deep recession sparked the latest sterling sell-off.

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