Sterling takes a pounding as Euro soars on back of Mario Draghi comments

The pound tumbled to an eight-month low against the euro after European Central Bank (ECB) president Mario Draghi signalled potential changes to its bond buying programme could be discussed in the autumn.

The news sent the euro soaring, knocking the pound down 1.3% to trade at 1.116 against the European currency, marking its lowest point since early November.