Euro Hits 20 Year Low Pound Falls And Gas Price Surges As Russian Pipeline Shutdown Roils Markets Business Live Business
Financial markets are reeling from the shutdown of Russia’s Nord Stream1 pipeline as energy pressure on European economies intensifies as winter approaches. The euro fell to a two-decade low in early trade this morning after Russian energy company Gazprom extended the shutdown of its natural gas pipeline to Germany into Friday night. Fears of excessively high energy prices and possible shortages pushed the euro further below parity against the US dollar....