Sterling slides

Sterling fell by nearly 1 percent versus a resurgent euro on Wednesday on concerns about the UK economy, while a surprise jump in German business sentiment strengthened the view that eurozone interest rates will not fall this year.
The pound also fell against the dollar despite a brief respite after minutes from the Bank of England's Monetary Policy Committee meeting in May showed an 8-1 vote in favour of rates staying on hold with only arch-dove David Blanchflower voting for a cut.By 1428 GMT the euro was up 0.9 percent at 80.21 pence, on track for its biggest daily gain in over a month and closing in on the record high of 80.98 pence set in April. The pound was down a third of a percent against the dollar at $1.9623.