euro

Heavy selling of the euro saw it tumble through the $1.30 mark versus the US dollar late this morning, to its lowest level since early January.

Gilt yields hit a new record low by mid-afternoon as investors continued to buy up UK debt amid concerns the European Union has not done enough to avert a financial meltdown.

DEBT CRISIS BLOG

Amid all the negative newsflow on Europe this year, the euro has remained relatively resilient.

TOP TWEETS

Britain will sign up for fiscal discipline in the eurozone, but not at the expense of our industries or our independence, Prime Minister David Cameron has declared.

AN OPEN LETTER TO MERKEL

European stock markets opened higher this morning ahead of a crucial eurozone meeting on Friday which could decide the future of the single currency.

The European Union's economic affairs commissioner has warned leaders they have just ten days to save the euro.

Eurozone finance ministers agreed to allow the EFSF to fund partial protection on government bonds, but plans to extend overall funding to the €1trn target were dealt a blow last night.