The euro has hit another all-time high against sterling, as investors continued to believe that the Bank of England would cut UK interest rates, despite rising inflation.
The European currency hit 76.08p earlier in the day, the highest level since the euro's inception in 1999. It later fell back to just below 76p.
The weaker sterling is more bad news for Irish exporters, as it makes Irish goods more expensive for UK buyers.
The US dollar is also weakening against the euro, ahead of an expected US interest rate cut later this month. The euro rose as high as $1.4914, not far off its record $1.4966.
