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Evening Standard
Evening Standard
Business
Simon English and Michael Hunter

Euro tumbles to to 20-year low and pound slumps as energy fears spook markets

Euro ECB United Kingdom

Euro notes and coins are not buying you as many dollars as the shared currency plunges

(Picture: AP)

The euro plunged to a fresh 20-year low and sterling was at levels not seen since the start of lockdown as investors fretted about the energy crisis.

With winter looming, currency traders are nervous about how much government spending will be needed to get businesses and consumers through -- and the effect that might have on debts and interest rate payments on debts.

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