Sterling hits three-week low against euro as risks mount
Sterling fell to a three-week low against the euro as the Iran conflict and high inflation weighed on the UK. Investors also eye the May local elections.
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Sterling has fallen to its lowest level in more than three weeks against the euro and is facing a fifth consecutive day of losses against the dollar as concerns grow over the economic impact of the conflict involving Iran on the United Kingdom. While the pound has remained one of the stronger performers against the greenback since the start of the month, analysts suggest it is increasingly vulnerable due to Britain's reliance on energy imports and high inflation.
