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Weekly Currency Update GBP/EUR - Week ending 12th February

Weekly Currency Update GBP/EUR - Week ending 12th February

Old Feb 16th 2010, 12:34 am
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Default Weekly Currency Update GBP/EUR - Week ending 12th February

Hi All,

Last week saw the Euro weaken despite assurances from both Germany and France that Greece will not be left on its own. Otherwise the Eurozone also released paltry growth figures of 0.1% in Q4 as the peripheral currencies continue to underperform.

This week we are expecting on Tuesday 10am ZEW economic sentiment survey for February previous 47.2, on Friday the Manufacturing PMI for February previous 52.4 and the Services PMI for February previous 52.5

GBP/EUR Movement – High’s & Low’s of last week (08/02/10 – 12/02/10)


High’s:1.1552
Low’s: 1.1309

A movement of:2.15%

Difference on £200k

High:231,040 Euros
Low:226,180 Euros

Difference of: 4,860 Euros

Whilst FX isn't the most thrilling of subjects, the sooner you begin to think about your money transfers, the more likely you are to make your money go further.

A further update will be added next week.

Regards,

Mark Bodega
Director
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