EUR/GBP £0.8378 Discussions about the Greek debt are still dominating on the European market. The single currency gained slightly against the British Pound the UK and seems to remain at this level. There are minimal economic announcements from Europe today as the market attention is currently concentrated at the US Dollar. The Euro is trading [...]
EUR/GBP £0.8385 In general, the Euro is falling as concerns over the debt crisis are still present and also as the euro zone finance ministers rejected a restructuring plan on the Greek debt by creditors. However, it is outperforming the Pound, and currently upgrading against the sterling as it’s trading at £0.8385. GBP/EUR €1.1921 The [...]
The Euro finally rose against the US Dollar shortly after reaching a 16-month low against the Dollar. The markets today eagerly anticipate the meeting between the German Chancellor Angela Merkel and the French President Nicolas Sarkozy during which they will work on the “fiscal compact”. The meeting is to prepare the EU summit scheduled for [...]
