Sterling Euro Exchange rate reaches 1.13 on Italy debt contagion fears
11 July 2011 @ 11:37
The sterling/euro exchange rate has just hit 1.13 due to concerns that Italy may be the next euro zone country to fall victim to euro zone debt contagion. European officials are meeting today to discuss the latest developments regarding Italy.
More grim news for the eurozone. It looks like these eurozone problems are going to continue for some time yet, with hopoefully a further weakening of the euro.
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