Pound to euro exchange rate - gbp eur, usd, aud, nzd, chf up as italy borrowing rates up
7 Nov 2011 at 1 PM - Written by John Cameron
The Pound Euro exchange rate (GBP EUR) is trading at 1.16752, up 0.4%. The Pound Dollar exchange rate (GBP USD) is 1.60483, up 0.09%. The Pound Australian Dollar exchange rate (GBP AUD) is 1.60483, up 0.71%. The Pound New Zealand Dollar exchange rate (GBP NZD) is 2.01819, up 0.24%. The Pound Swiss Franc exchange rate (GBP CHF) is 1.44081, up 0.86%.
Italy's economy worsens with their rate of borrowing up from 6.37% to 6.53%, in contrast to German 1 year bonds at 0.26%.
Investors are clearly seeing Italy a more risky bet, with their ability to repay their debt becoming more unlikely.
Eurozone discussions over the now 1 trillion euros bailout fund are due to take place later today.
For live exchange rates, and sterling currency transfers please see the Currency News website.
STORY LINK Pound to euro exchange rate - gbp eur, usd, aud, nzd, chf up as italy borrowing rates up
Pound to euro exchange rate - gbp eur, usd, aud, nzd, chf up as italy borrowing rates up
Italy's economy worsens with their rate of borrowing up from 6.37% to 6.53%, in contrast to German 1 year bonds at 0.26%.
Investors are clearly seeing Italy a more risky bet, with their ability to repay their debt becoming more unlikely.
Eurozone discussions over the now 1 trillion euros bailout fund are due to take place later today.
For live exchange rates, and sterling currency transfers please see the Currency News website.
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