Euro up as sterling hits one year low against the US dollar
The euro regained some ground on the yen and us dollar during Friday’s trading session after hitting a 14 month low against the greenback and its lowest position since December 2001 against the yen during Thursday’s volatile trade.
The euro rose 1 percent against the dollar and 3 percent against the yen, finishing the session $1.2790 and 118.20 yen respectively.
Meanwhile, sterling hit a one year low against the US dollar and dropped considerably against the euro as preliminary results of the UK election showed that no party would have a majority and there would be a hung parliament. The Conservatives won the most seats during the election results, but could not get enough to gain the majority.