The pound is getting crushed against the euro
Today was not a good day to go on holiday to a eurozone country.
The UK currency fell as much as 2% against the euro today, its biggest daily loss since 2009 according to Reuters. The pound has fallen to its lowest point against the euro since May, currently hovering around the 1.351 mark.
Here's the chart:
Investing.com
People are speculating that the long-awaited interest rate hike from the Bank of England may be postponed because of the market turmoil, which has been triggered by China's collapsing shares.
Unless you've just this minute woken up, you've probably seen the carnage in the markets today.
The FTSE 100 share index is tanking close to -5%, but off its lows:
Investing.com
- 6 reasons why you should visit Ladakh this summer
- TVS iQube gets a new variant priced under ₹1 lakh, ST variant gets a bigger battery
- As English players begin their premature IPL exodus, Gavaskar calls for action against England Cricket Board
- Top 10 destinations for river rafting in India in 2024
- Should you enrol your child in an online university like IGNOU?
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market