The pound hit a 22-month high against the euro today as fears grew about the strength of Spain's economy. A pound bought 1.23 euros as the UK was seen as a "safe haven" after figures confirmed Spain was back in recession and nine Spanish banks had their credit ratings downgraded. The drop in the euro will be welcomed by UK holidaymakers heading to the continent but will worry manufacturers trying to grow exports to Europe, the UK's biggest trade partner. The pound at times rose to its highest point against the US dollar since September amid...