Sterling has tumbled to a new low against the Euro today, falling to a record low of 89.98p.
The pound is now at its lowest level since the Euro was introduced in 1999 and has suffered a marked decline in recent days. Travellers visiting the UK received at least €1.15 or €1.20 for each Pound in recent months, but that amount has fallen to €1 in many foreign exchange outlets. The price is being pushed down because of fears about the state of the national and global economy. IFAonline
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