Pound sees biggest one-day fall against euro since 2010
And there is more to come ... it seems that only the head of ECB does not understand what is going on
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The pound has continued to weaken against the euro, seeing its biggest one-day fall in almost three years, on continuing signs that the worst may be over for the eurozone economy.
At one point on Friday, sterling fell 1.8% against the single currency from a day earlier, the largest percentage fall recorded since May 2010.
This meant one pound was worth 1.1473 euros, the lowest since October 2011.
The pound has also been weakened by fears about the UK's AAA credit rating.
This follows after credit rating agency Fitch warned last month that the UK could lose the top rating if the government does not reduce its sovereign debt.
Continuing concerns about the UK economy, which contracted by 0.3% in the final quarter of 2012, have also hit sterling.
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