Euro falls below 87 vs sterling to lowest since June 2017

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LONDON: The euro fell below the 87 pence mark against the sterling for the first time in seven months as the British pound’s rally against the dollar this week spread to other currencies.

Against the euro, which itself is basking in the afterglow of a booming economy, sterling strengthened to 86.96 pence, its highest since June 2017, taking its gains to more than 2 per cent against the single currency so far this month.

Its gains against the dollar have been more pronounced, with sterling rising more than 5.6 per cent so far this month, on track for its best monthly performance since June 2009.

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