Battered Euro Hits Lowest Since 2016 Versus Sterling, Oil Surge Bites

Battered Euro Hits Lowest Since 2016 Versus Sterling, Oil Surge Bites
A picture illustration of the U.S. dollar, Swiss Franc, British pound, and Euro banknotes, taken in Warsaw, Poland, on Jan. 26, 2011. Kacper Pempel/Reuters
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LONDON—The euro slid to its lowest level in almost six years against Britain’s pound and was pinned near 21-month lows versus the dollar on Thursday, as a fresh surge in energy prices heightened worries about the euro area economic outlook.

With Brent crude hitting a nine-year high above $119 per barrel, a dash for resources bolstered commodity-linked currencies. Australia’s dollar briefly touched its highest since November.