As the euro continued to be undermined by worries over the financial stability of Italy and Spain, it fell to a level of 78.4p – it's lowest since late October 2008.
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Growth, Spanish debt woes hit euro and shares
LONDON (Reuters) – The worsening outlook for the world economy and uncertainty about Spain's bank bailout pushed the euro to a 3-1/2 year low against sterling and drove safe-haven German bond prices higher on Monday. World equities were also lower but investors were trading cautiously ahead of the start of U.S
Euro tumbles as Asian funds shun EU chaos
The euro has plunged to multi-year lows against a range of currencies on fears of a deepening slump in Italy and Spain, and ugly disputes between eurozone leaders.