Sterling at four month low against euro as UK and euro zone rates diverge
9 Articles
9 Articles
Sterling at four month low against euro as UK and euro zone rates diverge
The pound dropped to its weakest level against the euro in four months on Friday as a weekly decline in gilt yields on soft British data contrasted with higher European yields on expectations the European Central Bank is done with rate cuts.
The pound has fallen against the euro - here's what it means for your holidays
British holidaymakers are being warned about the high cost of holidaying in Europe this year after the pound slid to its lowest level against the euro since November 2023.One pound is currently worth €1.147 – which will affect thousands of holidaymakers heading for a break on the Continent in the coming weeks.Simon Phillips, managing director of No1 Currency, said the timing “couldn’t be worse” as the six-week school holidays begin for many this…
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