Business World

Friday 21 July 2017

Sterling breaks 90p on the euro

STERLING resumed its slide against the euro (90.27p) and the dollar yesterday after the Confederation of British Industry said the UK's recovery would be "slow and sluggish," making it more likely the Bank of England will keep interest rates on hold.

The CBI said Britain's economy would expand no more than 1pc this year. BoE policy maker Andrew Sentance said last week there was "some risk of a double-dip recession".

Irish Independent

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