British pound hits record euro low
The pound on Monday struck an all-time low against the euro after Britain's finance minister gave a bleak assessment of the economy ahead of a Bank of England interest rate decision due this week.
In London trade, the European single currency was at 81.38 pence -- the best level versus sterling since the euro's creation in 1999. The British pound meanwhile fell to 1.8006 dollars, the lowest level since April 2006.
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