Pound Euro rate steady, but Sterling gains for GBP USD, CNY, HKD, ILS, MXN, NOK and SGD

December 15, 2011 - Written by Tim Boyer

STORY LINK Pound Euro rate steady, but Sterling gains for GBP USD, CNY, HKD, ILS, MXN, NOK and SGD

The Pound Euro exchange rate GBP EUR is trading at 1.19159, down 0.01%. The Pound Dollar exchange rate GBP USD is trading at 1.54729, up 0.27%.
The Pound Australian Dollar exchange rate GBP AUD is trading at 1.56260, down 0.11%. The Pound New Zealand Dollar currency rate GBP NZD is trading at 2.06458, down 0.44%.
The Sterling Lira rate GBP TRY is trading at 2.91684, down 0.09%.

Pound Sterling has seen negative movement against the Swiss Franc with GBP CHF down 1.17%, but strong positive movement against the Hong Kong Dollar (GBP HKD up 0.24%), Norwegian Kroner (GBP NOK up 0.42%) and the US Dollar (GBP USD up 0.28%).
Two events today have seen the Euro rise from an 11 month low against the US Dollar (EUR USD). The successful Spanish debt auction and the release of US economic data which showed the level of new unemployment benefit claims had dropped to the lowest in 3 1/2 years.
Spain experienced good demand in today's bond auction, a reflection that investors see the halving of their budget deficit and bank restructuring as positive steps towards stability.

The Pound to Euro exchange rate (GBP EUR) had reached a 9 month high this morning and has held steady for the duration of the day. UK data release has showed that UK unemployment benefit claims had risen at a slower rate than many expected.
The Pound Sterling has continued to be a safe haven for investors, whilst remaining outside the Euro crisis zone.

Meanwhile, the eurozone crisis has seen a week of uncertainty, with countries such as Ireland, Sweden, Hungary and many more facing up to the reality of last Friday's EU summit outcome and the budgetary sovereignty implications.

For euro sterling currency exchange, live foreign exchange rates today and a full currency converter please see the Currency News website.

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