Currency  Exchange Rates Update :  February 6th  2012

The Pound  has been hovering around  the €1.19 mark for several days now – but today saw a drop in the Euro against Sterling – and the pound is  now close to €1.21

Sterling was boosted slightly by the news of a rise in UK house prices for January and  the Lloyds employment confidence index also indicated an improvement.
Concerns over  the outcome of Greek debt-swap talks have prompted traders to move towards the Pound instead of the  Euro.

Greece’s next tranche of payment from the Troika seems to be in jeopardy, as leaders from the Eurozone insist that Greece will have to persuade its private creditors to take losses to reduce the country’s debt pile. Moreover, Eurogroup Finance Ministers Head, Jean-Claude Juncker, warned that the possibility of a sovereign default by Greece cannot be ruled out.

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You might also be interested in this information about Transferring Euro Savings to Sterling