The pound has hit a 19-month high as debt concerns weigh down on the euro. It touched 1.2222 euros on Thursday, its highest since the immediate aftermath of the financial crisis in November 2008, before dropping back.
Markets continue to worry about the European debt crisis, with the perceived risk of a default by Greece hitting an all-time high.
Leading shares across Europe lost ground, with the UK's FTSE and Germany's Dax indexes down about 1.5%. (more)
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