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Posted March 19th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 19th March 2012

EURO/GBP – 1.2035

Sterling had a strong day against the dollar on Friday strengthening by more than 1.5 cents whilst ending fairly flat against the euro. There is a raft of data out of the UK this week with the markets paying particular attention to the release of the Bank of England meeting minutes and the annual budget on Wednesday. The BoE meeting minutes will shed some more light on their view on the state of the UK economy and any unexpected details outlined in the budget could cause a lot of volatility so call in now for the latest update and a live quote.

Data release on Friday showed that Italian Trade balance was much worse than expected and the euro zone wide trade balance was also worse than expected. This week’s main releases will be the Manufacturing and Services Purchasing Managers’ Index (PMI) from the Euro zone countries; furthermore, the European Central Bank (ECB) President is also speaking. Call in now for the latest update and the latest news.

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