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Sterling staggers against euro
Sterling staggers against euro
Last Modified: 14 Nov 2008
By:
Bridgid Nzekwu
Sterling continues to struggle against the euro making those foreign treats even more expensive. Bridgid Nzekwu reports.
The value of sterling is now at its lowest levels against the euro since the single currency came into being in 1999.
It is a huge headache for businesses that rely on imports - they face higher costs, but have little scope to increase prices while the UK economy is in recession.
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