Sterling reaches lowest level in almost year against Euro

Source: Bloomberg
© Scanpix/Associated press
The British currency reached the lowest level in almost a year on bets that the Bank of England will leave monetary stimulus unchanged. The Pound depreciated less than 0.1% to 86.21 pence per Euro as of 12:01 p.m. in London after falling to 86.33 last week, the lowest level since April 17. The U.K.'s currency was at $1.4907 after declining to $1.4858 on July 5, the weakest since March 12.
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