Euro slumps, sterling on hold

Thu, 04 Feb 10 10:47 am

The euro plummeted to a seven-month low against the dollar early on today, pressured by concerns about the fiscal health of Greece, Portugal and Spain ahead of a European Central Bank policy meeting. Meanwhile the pound held tight ahead of the BoE policy decision due later today.

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The Pound has begun to drop against both the Euro and the US Dollar following surprisingly poor data...

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