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Currency Market News

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Euro rate back above 125
06 July 2012

After yesterday's European Central Bank interest rate cut, the Euro has weakened over the last 24 hours, giving us the best rates for Euro money transfers for over 3 years.


Despite the Bank of England's additional round of QE yesterday, which was seen as likely to hurt sterling, exchange rates against the Euro have held up.


Elsewhere however, the Pound has been suffering, losing ground agains the US Dollar and many other major currencies.

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