The euro fell to its lowest point since 2016 against the British pound today, with investors gauging the impact of Russia's invasion of Ukraine on global monetary policy.
At a time when the Bank of England is likely to raise its key interest rates for the third consecutive time, expectations of a rate hike by the European Central Bank by the end of the year appear to be receding following the start of the Russian aggression.
The euro retreated to 82.76 pence at the start of trading in London before paring losses somewhat.
(CNA)
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