Pound dips to all-time low against euro - papers 3 Jan

It now costs almost 75p to buy a euro, with the pound suffering one of its biggest ever one-day falls against the single currency. Sterling dropped to 96.8 in its trade-weighted index, measured against a basket of currencies. The falls came as fresh data showed the manufacturing sector's woes worsening in December, raising the likelihood of the Bank of England cutting interest rates again as early as next week. GLOBAL CRUDE PRICES cooled in Asian trading today after briefly touching an all-time high of $100 per barrel last night, according to The Times. The main New York contract, ...