Currency Exchange News: Euro Up Against Pound Sterling But Down Vs US Dollar GBP USD

Modified: Friday, 11 November 2011 18:18 BST - Written by Tim Boyer

STORY LINK Currency Exchange News: Euro Up Against Pound Sterling But Down Vs US Dollar GBP USD

The Pound Euro exchange rate (GBP EUR) is trading at 1.16780, down 0.28%. The Pound Dollar exchange rate (GBP USD) is trading at 1.60649, up 0.77%. The Pound Australian Dollar exchange rate (GBP AUD) is trading at 1.56099, down 0.59%. The Pound New Zealand Dollar exchange rate (GBP NZD) is trading at 2.04365, down 0.32%. The Pound Swiss Franc exchange rate (GBP CHF) is trading at 1.44891, up 0.34%.

Yesterday Mr Cameron spoke in central London regarding export growth and warned how the debt crisis in Italy and Greece economic issues could seriously affect our UK economy. The PM said "It is not in our interest for the eurozone to break up, for countries to leave the eurozone - that obviously affects our banks, it affects our neighbours' banks, transmission mechanisms that would go right across Europe, that would damage our economy."

Today saw major Eurozone events including Lucas Papademos sworn in as the new prime minister of Greece, Italy agreed austerity measures of spending cuts and tax rises. The stock markets responded favourably to the days events, with the Euro also showing a gain against the Pound Sterling (GBP EUR), a fall of 0.28%. The GBP USD however is down by 0.77% on the previous day.

For currency exchange transfers, Pound Sterling currency rates and to compare exchange rates please see the Currency News website.

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