Wednesday July 8, 2020

The factors behind sterling's latest slide

Poll shows election race tightening, while weaker economic figures also weigh

26th May, 2017
Labour leader Jeremy Corbyn on the British election trail. Pic: Getty

This morning, the pound has hit a two-month low against the euro. The euro was worth just over 87.2 pence early this afternoon, with sterling’s value having fallen by 0.6 per cent from 86.6 pence late on Thursday. Before the Brexit referendum on June 23, the euro had been trading at 76.5 pence. It jumped above 91p in October.

The factors behind sterling’s latest fall

1) Today's move was partly blamed by analysts on...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

As the online debate on trans issues remains heated, those affected by them in the real world are calling for more support, space and understanding. But are their voices being heard?

Colin Murphy | 2 weeks ago

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 2 months ago

Oil storage in the self-styled ‘Pipeline Crossroads of the World’ is full to the brim, but the black stuff keeps on coming. With much of the world’s economy in a Covid-19 slowdown, at one point last week, benchmark US crude oil was priced at minus $37.63 a barrel

Barry J Whyte | 2 months ago