Pounds to Euros Exchange Rate - GBP EUR Down 0.26% as Euro Crisis Worsens
1 Dec 2011 at 8 PM - Written by Tim Boyer
The Pound Euro exchange rate GBP EUR is trading at 1.16528, down 0.28%. The Pound Dollar exchange rate GBP USD is trading at 1.56987, down 0.04%.
The Pound Australian Dollar exchange rate GBP AUD is trading at 1.53271, up 0.06%. The Pound New Zealand Dollar currency rate GBP NZD is trading at 2.01238, down 0.19%.
The Euro Dollar rate EUR USD is trading at 1.34724, up 0.22%.
The Euro has been stronger today, mainly due to the successful sale of Spanish debts at the Spanish bond auction. Spain sold 3.75 billion euros of notes.
However, the future of the euro remains uncertain. Yesterday Olli Rehn, EU economic and monetary affairs commissioner, warned of a 10 day deadline to the save the euro.
The alternative could potentially the breakup of the eurozone and create serious issues for the Uk economy.
Today, the Bank of England released its Financial Stability Report in which it calls the environment "exceptionally threatening". Bank of England Governor Mervyn King
said that the coordinated central bank action was only temporary relief and confirmed the BoE had contingency plans in case of a breakup of the Eurozone.
This evening, French President Nicolas Sarkozy gave a major speech in Toulon, in which he said that the euro could not continue to exist unless eurozone economies
pulled together. He said that he would meet with German Chancellor Angela Merkel on monday to discuss steps to ensure the euro is saved.
For currency exchange, live exchange rates today and a full currency converter please see the Currency News website.
STORY LINK Pounds to Euros Exchange Rate - GBP EUR Down 0.26% as Euro Crisis Worsens
Pounds to Euros Exchange Rate - GBP EUR Down 0.26% as Euro Crisis Worsens
The Pound Australian Dollar exchange rate GBP AUD is trading at 1.53271, up 0.06%. The Pound New Zealand Dollar currency rate GBP NZD is trading at 2.01238, down 0.19%.
The Euro Dollar rate EUR USD is trading at 1.34724, up 0.22%.
The Euro has been stronger today, mainly due to the successful sale of Spanish debts at the Spanish bond auction. Spain sold 3.75 billion euros of notes.
However, the future of the euro remains uncertain. Yesterday Olli Rehn, EU economic and monetary affairs commissioner, warned of a 10 day deadline to the save the euro.
The alternative could potentially the breakup of the eurozone and create serious issues for the Uk economy.
Today, the Bank of England released its Financial Stability Report in which it calls the environment "exceptionally threatening". Bank of England Governor Mervyn King
said that the coordinated central bank action was only temporary relief and confirmed the BoE had contingency plans in case of a breakup of the Eurozone.
This evening, French President Nicolas Sarkozy gave a major speech in Toulon, in which he said that the euro could not continue to exist unless eurozone economies
pulled together. He said that he would meet with German Chancellor Angela Merkel on monday to discuss steps to ensure the euro is saved.
For currency exchange, live exchange rates today and a full currency converter please see the Currency News website.
TAGS: Daily Currency Updates Euro Forecasts Pound Euro Forecasts Pound Sterling Forecasts
Leave a Comment
Related Stories:
- Official Confirms That EC and ECB Are Drawing Up Plans For Greece’s Eurozone Exit, Yet GBP EUR Rate Drops - May 21, 2012
- Spanish Bond Yields Soar As Investors Fear Hard Default By Greece - May 18, 2012
- Australian and New Zealand Dollars Weaken Again As Bank of England Slashes UK Growth Forecast - May 17, 2012
- Pound Euro Exchange Rate Spirals As Greece Heads For Second General Election - May 16, 2012
- Pound Euro Exchange Rate Breaches 1.2500 For First Time Since 2008 As Greek Debt Fears Heighten - May 15, 2012
- Pound Australian Dollar and Pound New Zealand Dollar Rates Could Dip As China Loosens Monetary Policy - May 14, 2012
- Pound Euro Exchange Rate Could Head Higher Following Bank of England Decision to Keep QE On Hold - May 11, 2012
- Pound US Dollar Exchange Rate Recovers Slightly As Greek Anti-Bail-Out Power Bid Fails - May 10, 2012
- Fear Grips Global Markets As Greek Politicians Countenance A Sovereign Debt Default - May 9, 2012
Latest News:
- Kiwi Dollar Claws Back Ground in the Currency Markets as Stock Markets Register Gains - May 21, 2012
- Official Confirms That EC and ECB Are Drawing Up Plans For Greece’s Eurozone Exit, Yet GBP EUR Rate Drops - May 21, 2012
- Swiss Franc Expected To Weaken With Euro As Greek Fears Refuse To Dissipate - May 18, 2012
- Spanish Bond Yields Soar As Investors Fear Hard Default By Greece - May 18, 2012
- Daily Rate Predictions For The US Dollar, Euro, Pound Sterling and Japanese Yen - May 17, 2012
- Australian and New Zealand Dollars Weaken Again As Bank of England Slashes UK Growth Forecast - May 17, 2012
- Today’s Rate Forecasts For The Pound Sterling, Euro, US Dollar and Australian Dollar - May 16, 2012
- Pound Euro Exchange Rate Spirals As Greece Heads For Second General Election - May 16, 2012
- Exchange Rate Predictions For The Pound Sterling, Euro, US Dollar and Hong Kong Dollar - May 15, 2012
- Pound Euro Exchange Rate Breaches 1.2500 For First Time Since 2008 As Greek Debt Fears Heighten - May 15, 2012
Daily Market Updates
Major Currency Forecasts
- Pound Sterling Forecast
- Euro Forecast
- American Dollar Forecast
- Australian Dollar Forecast
- Japanese Yen Forecast
- Swiss Franc Forecast
- New Zealand Dollar Forecast
- Canadian Dollar Forecast
- Norwegian Krone Forecast
- South African Rand Forecast
- Indian Rupee Forecast
- Singapore Dollar Forecast
- UAE Dirhams Forecast
- Turkish Lira Forecast
- Hong Kong Dollar Forecast
Currency Pairs
- Pound Euro Forecast
- Pound Dollar Forecast
- Pound Australian Dollar Forecast
- Pound Yen Forecast
- Pound Swiss Franc Forecast
- Pound NZ Dollar Forecast
- Pound Canadian Dollar Forecast
- Pound Krone Forecast
- Pound Rand Forecast
- Pound Rupee Forecast
- Pound Sing Dollar Forecast
- Pound Dirham Forecast
- Pound Lira Forecast
- Pound HK Dollar Forecast
