Foreign Exchange Rates GBP

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Foreign Exchange Rates EUR/USD 1.3086-1.3141

Foreign Exchange Rates GBP/USD 1.5894-1.5940

Foreign Exchange Rates GBP/EUR 1.2129-1.2147

Stock markets around the world have risen for the second day after the IMF raised their projections for global economic growth for this year and next.

They did stress, however, that although the Euro Zone prospects are healthier than three months ago there are still downside risks and even hinted that Europe’s austerity measures may be a little too harsh, hindering economic growth prospects. As a result, the Euro is trading a tad lower from yesterdays levels.

Sterling, meanwhile, saw a small rally after the release of higher UK inflation data and the IMF showing support for the UK’s growth prospects for the second half of 2012 and into 2013.

The USD is a little stronger across a broad range of currencies despite the gains seen in global stocks.

Foreign Exchange Rates EUR/USD currently 1.3097. Support 1.3000, resistance 1.3300.

Foreign Exchange Rates GBP/USD currently 1.5900. Support 1.5700, resistance 1.6000.

Foreign Exchange Rates GBP/EUR currently 1.2140. Support 1.2100, resistance 1.2400

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1 GBP = 1.12014 EUR

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