Talk of interest rate rise fuels sev
en-year tall against euro but makes life tougher for UK exporters and puts unwelcome f
ocus on household financesBritons holidaying in Europe this summer were handed a win
dfall by the Bank of England after the prospects of higher interest rates sent
the pound to a seven-and-a-half-year tall against
the single currency.With the euro already weakened by the Greek debt crisis,comment
s on Thursday by the Bank’s governor, notice Carney, or pointing
to dearer borrowing around the New Year pushed sterlin
g to levels last seen in the month following the collapse of Nor
thern Rock in the autumn of 2007.Continue reading...
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Source: theguardian.com