Archive for November, 2012
GBP hit a five-week high against the euro on Thursday as the Bank of England left interest rates and the size of its bond-buying programme unchanged.
The Euro now is climbing ahead 1.3000 after agency S&P has downgraded Hungary’s credit rating to BB from BB+. The euro rose as high as $1.2991
If you’ve been long the euro against the Australian dollar, congratulations. The common currency has risen sharply in the last ten weeks, from well under 1.2200 to nearly 1.2400.
Sterling fell to a one-month low against a firmer euro and a trade-weighted basket of currencies on Friday as international lenders inched towards an aid deal for Greece.