Pound Suffers Further Falls as UKs Fiscal Troubles Set to Deepen

Sterling tumbled to a two-and-a-half-year low against the euro and a three-month low versus the US dollar PAThe pound has fallen sharply as worries over the UK’s bleak fiscal outlook weigh heavily before next month’s closely-watched Budget.Sterling tumbled to a two-and-a-half-year low against the euro and a three-month low versus the US dollar, down 0.4% at 1.13 euros and 0.4% lower at 1.32 dollars, following steep falls on Tuesday.