Subscribe to the BlogThe euro fell to its lowest level against the dollar for 10 months amid continuing concerns over Greece's debt crisis, before recovering slightly. Since the Dollar started going up, also because of fears on the euro performance, it has started falling. Persistent worries over its 300bn euro ($419bn; £259bn) debt has weighed on the European single currency. The euro traded at $1.3436 in late morning, its lowest since May 2009, before strengthening to $1.3606. There seems to be no respite now. The pound was lower for a sixth day, down 0.3% to $1.4958 following concerns over a possible hung parliament.
Investors are concerned that a hung parliament would make it difficult for any government to deal decisively with the UK's high level of debt.