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.
© Financial Tribune Daily and Contributors 2014-2025