Sterling has had its longest losing streak against the euro since August amid evidence that the UK’s decision to leave the EU is starting to hit economic data just as European policymakers strike a more positive note on the eurozone’s prospects.

When the Federal Reserve drove its target interest rate near zero in late-2008, it sparked an economic debate about the risks of having nowhere lower to go, and in particular the financial bubbles it might stoke.

Elan Corporation announced yesterday, Dr Floyd Bloom, a neuro- scientist, and Jeff Shames, a retired chairman and chief executive officer of MFS Investment Management (MFS), will become new non- executive members of the board, from July 1.

Elan Corporation today announced a number of changes to its board of directors.