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Posted March 20th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 20th March 2012

EURO/GBP – 1.1992

Sterling had a mixed day yesterday strengthening against the majority of currencies in the morning before the markets shifted and sterling started to weaken off against all currencies except the US dollar as risk appetite increased. The main release today is the Consumer Price Index (CPI); but, the markets will be looking towards Wednesdays annual budget release which has caused a great deal of volatility in the past so call in now for the latest update and a live quote.

The euro had a fairly strong day yesterday, strengthening against the majority of currencies and was significantly stronger against the US dollar despite a lack of news or data released from the markets. The key reason seemed to be increased risk appetite following the Greek credit default swap auction passing off without a hitch and investors tiring of hoping for euro weakness in the short term. There is not much data out of Europe today as the market will look elsewhere for influence so call in now for a live quote and the latest news.        

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