World Economy

Pound Nears Parity With Euro

Pound Nears Parity With EuroPound Nears Parity With Euro

Britain’s sterling fell to a fresh eight-year low Tuesday against a resurgent euro as investors scurried for safety after North Korea fired a missile over Japan and the possible repercussions of Hurricane Harvey sent jitters through the markets, Yahoo reported. The pound lost 0.3 cents against the euro to trade at €1.076, its lowest level since October 2009 barring last autumn’s “flash crash”. It is approaching record lows and is edging closer to parity with the euro, a position it has never reached in the euro’s 18-year history. Sterling was unchanged against the dollar at $1.293.

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