Euro, sterling tumble

Posted by 7Star Tuesday, March 2, 2010

The euro fell against the US dollar on Monday, led by a sharp sell-off in sterling and lingering uncertainty over a bailout for debt-strapped Greece. The pound hit a 10-month low versus the dollar and was on track for its biggest one-day drop since October after a poll showed increased risk that no party will win a majority in this year's general election, making it difficult to take tough action to reduce Britain's debt.

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