Sterling plunged through another threshold in the last week as the UK currency breached the £0.90 mark against the euro – its weakest point since 2010. At the same time as Ireland announced its budget on Tuesday, which Minister for Finance Noonan said included a measure of packages to tackle the fallout from Brexit, the sterling was hitting fresh lows of £0.91 against the single currency. Sterling is faring even worse against the US dollar – it hit 31-year lows on Tuesday with £1 buying you as little as $1.21. Back in June it would have got you almost $1.50.
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Sterling plunged through another threshold in the last week as the UK currency breached the £0.90 mark against the euro – its weakest point since 2010. At the same time as Ireland announced its budget on Tuesday, which Minister for Finance Noonan said included a measure of packages to tackle the fallout from Brexit, the sterling was hitting fresh lows of £0.91 against the single currency. Sterling is faring even worse against the US dollar – it hit 31-year lows on Tuesday with £1 buying you as little as $1.21. Back in June it would have got you almost $1.50.
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