Spanish recession fears continued to weigh heavily on the Euro following a rise in Spanish and Italian bond yields and a sharp deterioration in Eurozone investor confidence yesterday. The euro was inching back up again today versus GBP – but traders say the currency has nothing to push it dramatically in either direction. The Pound […]
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Sterling
Euro Strengthens against the Pound
With all the problems in the Eurozone – you might expect the Euro to be weakening – but the opposite is true. The Euro continues to perform well against a weakenin Pound. The Pound was only worth around € 1.11 Euro this afternoon. The European Central Bank meets tomorrow for its monthly rate decision. Currency […]
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Sterling and Euro Weakening
Sterling is falling today (Thursday 10.30 am ) after figures for the UK’s goods trade deficit reached a record high in July. Britain’s total trade deficit, which includes services, also increased sharply to its highest level in nearly five years. The pound fell 0.5 per cent to $1.5399 against the dollar and was 0.4 per […]
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