Comments
The euro fell to a four-week low against the British pound on Thursday, with the single currency weighed down by Greek concerns which also prompted some safe-haven inflows into sterling, traders said.
Greek two-year yields rose over 100 basis points after Standard & Poor's downgraded the country and Germany's finance minister said on Wednesday there was little chance of the euro zone reaching a deal with cash-strapped Athens next week.
The euro fell to 71.65 pence, down 0.45 percent on the day. The single currency was also down half a percent against the dollar at $1.0631.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.