Plunging euro drags sterling to 8-month low amid fears of debt default and concern over UK's ragged public finances

Daily Mail
"Sterling fell to an eight-and-a-half month low against the dollar today as concerns over euro zone sovereign debt problems grew.Worries about public sector debt extended beyond Greece to Portugal and Spain, hitting riskier assets, with sterling falling in tandem with the euro against the dollar.Concern over Britain's public finances, and political uncertainty ahead of a general election due by June also weighed on sterling sentiment - even though the two currencies are separate fluctuate in value against one another."