Two-year low for the pound 'brings euro entry closer'.

From: The Daily Mail (London, England) | Date: June 25, 2002| Author: Paveley, Rebecca | Copyright information

Byline: REBECCA PAVELEY

THE pound fell yesterday to its weakest rate against the euro for two and a half years, increasing speculation that Britain could soon join the single currency.

At 65 pence per euro it was just a fraction above the level at which many economists believe the Government could sign up to the euro without long- term damage to Britain's competitiveness.

Sterling was unsettled by reports earlier this month suggesting that Tony Bla...