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Currency Market News

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UK mortgages give Pound a boost
02 May 2012

Sterling has held its ground today and even improved against many currencies, as the UK mortgages data this morning showed better than expected results. This was helped particularly against the Euro, as the single currency zone reported an increase in unemployment to 10.9%.


The Pound hit rates of 1.23 against the Euro and 1.6230 against the US Dollar. For Australian money transfers, we saw rates of 1.5730 this morning.

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