The President of the European Central Bank

the president of the European Central Bank: The pound reached a seven-year high against the euro of 1.34. , according to BBC. Against the US dollar the euro hit an 11-year low of $1.1115 before recovering some ground. The single currency took a 24-hour slide against the dollar starting at lunchtime on Thursday after the president of the European Central Bank said that it would pump 60bn a month into the region economy. However, the action could prove a mixed blessing for the UK. (news.financializer.com). As reported in the news.