Sterling falls to lowest level in four months against euro
STERLING fell to its lowest level in four months against the euro yesterday as Bank of England policymaker Adam Posen said the UK's central bank should restart its asset-purchase programme to prevent persistent slow economic growth.
Sterling fell to a four-month low against the dollar as worries about the extent of Spain's problems and the risks that it may have to seek outside aid to bail out its banks drove investors into safer assets.