12 Jul 2017
The pound has hit its lowest level against the euro since November 2016.
Sterling has weakened to €1.1187, which means one euro is worth 89.4p.
Before last June’s EU referendum result, the pound was worth €1.30.
It’s being put down to the fact that Bank of England deputy governor Ben Broadbent said he is not ready to vote to raise interest rates next month.
Speaking to the Press and Journal in Aberdeen, Broadbent said that the state of the UK economy was still ...