http://news.bbc.co.uk/1/hi/business/7182951.stm
The pound has fallen to an all-time low against the euro after weak manufacturing data underscored a gloomy outlook for the UK economy.
Sterling fell to 75.86 pence per euro, its weakest since the single currency was introduced in 1999.
The pound also hit a 10-month low versus the dollar at $1.9485.
After a strong year in 2007, the pound is expected to weaken this year as interest rates come down and the UK economy slows.
The pound hit a 26-year high against the dollar last year, above $2.
I think there is money to be made shorting the £ against the € over the next few years.
The pound has fallen to an all-time low against the euro after weak manufacturing data underscored a gloomy outlook for the UK economy.
Sterling fell to 75.86 pence per euro, its weakest since the single currency was introduced in 1999.
The pound also hit a 10-month low versus the dollar at $1.9485.
After a strong year in 2007, the pound is expected to weaken this year as interest rates come down and the UK economy slows.
The pound hit a 26-year high against the dollar last year, above $2.
I think there is money to be made shorting the £ against the € over the next few years.
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