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Posted April 24th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 24th April 2012

EURO/GBP – 1.2228

Sterling hit fresh highs of 1.2270 against the euro yesterday as fears surrounding the Eurozone were once more at the forefront of traders’ minds. The main release today will be the public sector net borrowing figures which the markets will keep a close eye on to see if there is any movement away from the expected £15.6 billion value. With sterling buoyed by positive sentiment from last week, we will have to watch closely how the markets react to the data released over the next few days; so call in now for a live quote and the latest news. 

A raft of poor services and manufacturing Purchasing Managers’ Index (PMI) data released in the Eurozone caused the euro to weaken off against the majority of currencies yesterday. Uncertainty continued to spread in the region as the developments in the French presidential elections unsettled the markets. With little actual data released today, the markets will look towards the data released in the UK, the US and any news out of the Eurozone in general for influence. Call in now for the latest news and a live update.

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