Euro Tumbles to 10-Week Low vs. Sterling as Yield Gap Widens
The euro declined to a 10-week low against the British pound on Wednesday, driven by a widening spread between French and German government bond yields. Sterling also received support from an unconfirmed promise by U.K. Prime Minister Andy Burnham to reshape EU relations.
The euro fell to a 10-week low against sterling as the spread between French and German government bond yields widened further. K. Prime Minister Andy Burnham promised to recast relations with the EU at a summit in November. A further factor supporting sterling was an unex...