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  • Pound up after sterling May speech

    23 January 2017

    It was an exciting and action-packed last week for investors and traders alike, not only here in the UK but also across the pond.

  • Attention turns to the Bank of England today

    03 November 2016

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  • Euro rates through 2015

    02 December 2015

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Currency Market News

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Bankia bailed out in Spain
27 May 2012

The Spanish government has had to step in with €19bn to bail out Bankia - the biggest bank bailout in history.


The Euro weakened on Friday as you might expect, giving better rates for Euro money transfers, but only a little against the Pound, which is heavily exposed to European debt. The biggest moves have come against the US Dollar, which has strengthened against both the Euro and the Pound significantly this month.


This week, there is little important data due out around the world as we head towards month end, so the ongoing Euro crisis is likely to dominate headlines and exchange rates.

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