Pound pulled down to 1.16 following last week’s GDP slump

Mon, 31 Jan 11 16:09 pm

The Pound is starting the week at the 1.16s against the Euro – lower than last Monday when we came off the starting blocks at 1.17 but the Pound has actually regained some ground over the weekend from lower falls to 1.154 on Friday and 1.153 last Wednesday when we saw decidedly low GDP figures knock the Pound down.

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Will the Pound push higher against the Euro?

Mon, 17 Jan 11 15:34 pm

For any UK-based individual or business buying investments or goods in Europe, a change has occurred in the cost price of around 4 percent over the past two weeks, purely through the fluctuation in Sterling to Euro exchange rates.

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Difficult Week In Store For The Euro

Mon, 10 Jan 11 15:32 pm

Last week saw the Pound open at the 1.16 levels against the Euro as the markets re-opened after New Year. This week Sterling is starting in a much brighter position against the single currency with the rate up to 1.20.

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2011 Kicks Off With UK VAT Rise

Tue, 04 Jan 11 15:24 pm

UK markets are re-opening after the New Year break to a VAT increase which has risen from 17.5 to 20 percent.

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The encouraging second quarter GDP figures from the UK released last week further highlights the...

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