Euro currency rates unchanged

Published on in Foreign Exchange News by

The Euro has recovered from yesterdays lower levels ahead of the EU summit taking place today and tomorrow.

This rally comes largely as a result of the squaring of trading positions as well as a rallying call by Germany’s Angela Merkel for a €130 billion stimulus package. She met with French President Hollande yesterday and it is believed they are still at odds over the tougher steps needed to end the spiraling Euro Zone debt crisis.

For the time being traders remain ‘Euro bearish’ although risk positions are believed to have been reduced somewhat during this week. Sterling, meanwhile, is a tad weaker against a basket of currencies and there is reported corporate interest to sell above the $1.5650 level.

All eyes will be on the Euro summit so expect headlines throughout the trading day.

Main Currency Pairs * Yesterday Today
GBP/EUR 1.25060 1.25090
GBP/USD 1.56110 1.55520
GBP/CAD 1.60150 1.59710
GBP/NZD 1.97900 1.96410
GBP/AUD 1.55340 1.54330
GBP/AED 5.73210 5.71250
EUR/USD 1.24850 1.24310
GBP/CHF 1.50200 1.50160
GBP/ZAR 13.2297 13.0768
GBP/SEK 11.0310 11.0316
GBP/JPY 123.774 124.378
GBP/PLN 5.31270 5.31500
USD/PLN 3.40520 3.40720
EUR/PLN 4.24800 4.25150
EUR/CHF 1.20100 1.20110
GBP/MAD 13.7891 13.7811
PLN/EUR 0.23540 0.23520
GBP/CZK 32.4700 32.3990
GBP/DKK 9.29640 9.29330
GBP/HKD 12.1061 12.1033
GBP/HUF 358.179 359.145
GBP/NOK 9.37910 9.40490
GBP/INR 88.9520 89.1274
GBP/THB 49.6598 49.7150

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