The pound hit at an all-time low against the euro earlier this afternoon, falling to 75.86p per euro.
Amid numerous negative outlooks for sterling this year, the pound fell to its weakest level since the single European currency was introduced in 1999.
To compound the bad news, the pound also dipped to a ten month low to the dollar – $1.94.
The pound position has now regained slightly, currently at 75.48p per euro.
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