Elections 'cause euro stockpiling' in Guernsey

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People in Guernsey have started stockpiling euros after it dipped to a three-year low against sterling, Guernsey Post has said.

The company said there had been a run on the currency at its foreign exchange counters in the past week following the French and Greek elections.

People were buying euros even if they had no immediate plans to travel as the rate was so favourable, it added.

Recent exchange rates have seen £1 buying about 1.24 euros.

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