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

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

Old Mar 15th 2010, 10:38 pm
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Default Weekly Currency Update GBP/EUR - Week ending 12th March

Hi All,

As promised here’s a brief update on what’s been happening with the Euro over the last week.

Although the Greek crisis has subsided, the autopsy has begun with Angela Merkel stating that the EU lacked the tools to deal with the Greek debt crisis and talk of a European Monetary Fund began.

Industrial output in January in the EU recorded its biggest monthly increase on record and figures for December were radically upgraded, suggesting that the weakness seen in Q4 was just temporary

GBP/EUR movement – High’s & Low’s of last week (8th March – 12th March)

High’s: 1.1118
Low's: 1.0948

A movement of 1.55%

Difference on £200,000

High: EUR 222,360
Low: EUR 218,960

Difference of: EUR 3,400

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.

Regards


Mark Bodega
Director - HiFX
Windsor2 is offline  

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