Currency News

Daily Exchange Rate Forecasts & Currency News

Pound Euro exchange rate - GBP EUR up 0.25% Sterling Strengthens Italy Borrowing Costs Fall

January 13, 2012 - Written by Ben Hughes

The Pound Euro exchange rate GBP EUR is trading at 1.19946, trading up 0.25%. The Pound Dollar exchange rate GBP USD is trading at 1.53411, trading down 0.08%.
The Euro Dollar exchange rate EUR USD is trading at 1.28209, down 0.31%. The Euro Sterling rate EUR GBP is trading at 0.83572, down 0.24%.

The Pound Euro exchange rate has gained today around 0.25%. Other currencies to see similar gains are the Pound Swiss Franc (GBP CHF) up 0.2%, the Pound Polish Zloty (GBP PLN) up 0.35%, and the Pound Sterling Singapore Dollar (GBP SGD) up 0.22% today.
The biggest losers are Sterling Chinese Yuan (GBP CNY down 0.28%) and Sterling Czech Koruna (GBP CZK down 0.17%). The US Dollar has also gained vs Sterling with GBP USD down 0.12%.

Italy's cost of borrowing figures released today were down following the bond auction yesterday. Italy managed to sell 4.75bn of 3 year bonds at 4.83%.
Meanwhile, according to BDO the UK economy is on the brink of contraction. They suggest that the UK government should step in to avoid this by encouraging banks to increase lending and also increase quantitative easing.

For pound sterling to euro money transfers, live foreign exchange rates and a currency converter please see the Currency News website.
Advertisement

Like this piece? Please share with your friends and colleagues:

International Money Transfer? Ask our resident FX expert a money transfer question or try John's new, free, no-obligation personal service! ,where he helps every step of the way, ensuring you get the best exchange rates on your currency requirements.


TAGS: American Dollar Forecasts Currency Predictions Euro Forecasts Pound Forecasts

Comments are currrently disabled