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Posted March 26th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 26th March 2012

EURO/GBP - 1.1968

Sterling had a poor day on Friday weakening off against the majority of currencies but strengthening against the US dollar. The only significant data revealed on Friday showed that nationwide consumer confidence was worse than expected creating yet more negativity towards the state of the UK’s economy. The main data out of this week is the trade balance figures and the final quarterly GDP data so call in now for a live quote and the latest update.

The euro had a mixed day on Friday strengthening against both the US dollar and the euro; but, weakening off against the majority of other currencies. Contagion fears spread in the eurozone as Spanish bond yields rose on Friday creating more rumours that Spain could be the new Greece. The main release this week is the German business climate index, any variation from the expected values could create volatility in the market so call in now for the latest update and the latest news.

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