Euro hits 85p against sterling again

Bank of England move and US jobs data pile pressure on currency

8th August, 2016
Sterling hit as Bank of England measures kick in Pic: Pixabay

Sterling fell for a fourth day today, on course for its longest losing streak since the Brexit vote, as marketsbraced for the start of the Bank of England’s expanded monetary easing programme.

The euro hit 85p against the British currency this lunchtime before falling back slightly to 84.95p this evening.

British government bonds rose, pushing five-year yields to a record low, as markets digested the central bank’s plan to reinvigorate the economy in...

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