Daily Telegraph Front Page Exchange Rate Error
Telegraph Business leader article contains basic error. Do their two journalists understand foreign exchange rate information?

European Central Bank raises interest rates for first time in nearly three years despite Portugal bailout
8th April 2011...
By Philip Aldrick and Bruno Waterfield.

(We could not find an online version of this printed page, so we have omitted the body of the article, and shown the heading and sub-heading, followed by the erroneous final paragraph.)

...

Despite the ECB interest rate rise on the same day as the Bank of England held rates at 0.5% the euro fell against the pound from €1.1416 to €1.1374

Fell at the Last Fence
On Ladies Day at Aintree, this journalist fell at the last fence. Perhaps he thought he was so far in the lead, he could sit back and relax, nobody would notice, however: a change from €1.1416 to €1.1374 against the pound, is an increase in the value of the euro, not a fall!
This is an easy mistake to make for an amateur or a beginner. but surely somebody entrusted to write the front page headline article for a quality newspaper should be expected to know the difference, and get it right. We guess the sub-editor failed to spot it also.
To get the corresponding rates for euro against the pound, simply find the reciprocal of each rate, so 1/€1.1419 = £0.08760.
The two prices quoted would translate to £0.8760 and £0.8792 respectively, making the point clear.
This was sloppy woolly thinking from the front page writer.