FOREX-Sterling crumbles to all-time low, euro at 20-year low

FOREX-Sterling crumbles to all-time low, euro at 20-year low

(Updates prices, adds comment)

By Dhara Ranasinghe

LONDON, Sept 26 (Reuters) – Sterling crashed to a record low early on Monday as traders rushed for the exits on mounting concern that the new government’s economic plan will stretch Britain’s finances to the limit.

The British pound’s searing drop helped lift the safe-haven U.S. dollar to a new two-decade peak against a basket of major currencies, while the euro hit a fresh two-decade low against the greenback.

In Japan, authorities reiterated…


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