The euro increased the gains it has recently made against the yen in Wednesday trading, setting a new record in the process.
In the early morning London trading, the euro rose to a record high of 167.24 yen, from an opening position of around 167.04.
The euro is gaining strength from speculation that the European Central Bank (ECB) is going to keep borrowing costs high.
ECB President Jean-Claude Trichet is due to announce today (Thursday) whether the bank will raise its base rate.
According to economists surveyed by Bloomberg News, the ECB is likely to freeze current interest rates until September, then increase them.
Similar speculation has boosted the fortunes of the pound, as the analysts almost unanimously predicted that interest rates will rise in the UK following today's meeting of the Bank of England's monetary policy committee.
Please note: All rates are subject to change, for the latest up-to-date rates check our Currency converter
Contact Us
Currency Converter
Today's Currency News
Markets are gearing up for an action-packed trading session, with key policy meetings of the BoE and...
Currency Rates
| US Dollars | 1.5861 |
| Euros | 1.1917 |
| Swiss Francs | 1.4425 |
| Australian Dollars | 1.4664 |
| South African Rand | 12.040 |
| GBP indicative mid-market rate at 15:00. Please call for quote. | |
Currency Solutions Ltd is registered in England, Company No. 4864491.
© 2003 - 2012
Registered address is Hobbs Court, 2 Jacob Street, London SE1 2BG.
HM Revenue & Customs, No. 12162570
Regulated and authorised by the Financial Services Authority,
as a Payment Institution, No. 512130