skip to main content

Sterling sinks to new euro low

Euro - Sterling hits record low
Euro - Sterling hits record low

The euro reached a record high against the pound today.

At the low point in trading today, £1 bought just under €1.22 - marking the UK currency's weakest performance against the euro since its launch in 1999.

The euro's strength comes in the wake of UK interest rates being slashed by 1.5% to 3% last week by the Bank of England.

By 6pm, the euro was trading at $1.2766 and at £0.8167.