Sterling hit the highest level against the euro for nearly 10 months yesterday
STERLING hit the highest level against the euro for nearly 10 months yesterday, breaking through €1.19/£1 as a lack of confidence in a solution to the debt crisis and the risk of downgrades gathered pace.
Sterling rose to a one-month high against the euro on Thursday and looked set to rise to its strongest in nine months as investors sold the single currency on disappointment that the ECB had not made more aggressive moves to curb the debt crisis.