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Posted April 25th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 25th April 2012

EURO/GBP – 1.2235

Sterling reached a fresh 6 month high of 1.6160 against the US dollar whilst pushing slightly higher against the euro reaching 1.2275; before weakening off sharply in the afternoon. Public sector borrowing for March came in above market expectations reaching £15.8 billion meaning that the total debt now exceeds the £1 trillion mark for the first time ever. Today’s quarterly GDP data will be watched closely by investors as clear sign of economic health in the country. Call in now for the latest news and a live quote.

The euro started the day under a lot of pressure before rallying against the majority of currencies as successful debt auctions from Spain and Italy boosted market confidence. The European Central Bank’s president is speaking first thing this morning and should provide some insight on the state of the economy in the Eurozone. Call in now for a live update and the latest news.

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