Financial Times FT.com

Recession worries send euro to new low

By Ralph Atkins in Frankfurt, James Politi in Washington and Shyamantha Asokan in London

Published: August 26 2008 10:29 | Last updated: August 26 2008 21:11

Mounting gloom about the German economy pushed the euro to a six-month low against the dollar on Tuesday as a closely watched survey showed business leaders in Europe’s biggest economy more nervous about the six months facing them than at any time in the past 15 years.

The pound also fell, hitting a fresh two-year low of just over $1.83 against the dollar.

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