German Court ruling on the legality of the EU fiscal pact

Published on in Foreign Exchange News by

Despite recent gains the Euro has failed to rally further after Spanish PM Rajoy stated that he would not accept an economic rescue that dictates spending cuts or touches old-age pensions.

As one would expect this has confused markets somewhat ahead of tomorrow’s German Constitutional Court ruling on the legality of the Euro Zone’s permanent rescue fund and the EU fiscal pact. As a result Asian stocks have weakened but currencies are relatively unchanged from yesterday’s opening levels.

After the German ruling and the U.S. Fed Reserves Q/E decision this Thursday, the picture will be a little clearer, although the Euro Zone picture remains a political time bomb. For the time being, the market expects the Euro to hold onto its gains over the last few weeks as the USD comes under pressure. While Sterling opens relatively unchanged versus the Euro but holds on to its gains above the $ 1.6000 level amid threats of strikes from UK Trade Union bosses.

Main Currency Pairs * Yesterday Today
GBP/EUR 1.25110 1.25160
GBP/USD 1.59930 1.60200
GBP/CAD 1.56320 1.56000
GBP/NZD 1.97300 1.97300
GBP/AUD 1.54570 1.54700
GBP/AED 5.86760 5.88160
EUR/USD 1.27810 1.27950
GBP/CHF 1.52230 1.51200
GBP/ZAR 13.1083 13.1600
GBP/SEK 10.6521 10.6300
GBP/JPY 125.844 125.250
GBP/PLN 5.17430 5.13750
GBP/SGD 1.97550 1.97400
EUR/PLN 4.12240 4.10500
EUR/CHF 1.21280 1.20750
GBP/MAD 13.9214 13.8582
PLN/EUR 0.24260 0.24360
GBP/CZK 30.8611 30.7300
GBP/DKK 9.35370 9.32800
GBP/HKD 12.3693 12.4200
GBP/HUF 360.236 356.640
GBP/NOK 9.25440 9.26500
GBP/INR 88.1700 88.7000
GBP/THB 49.7590 49.7800

Recent Posts

» «

Comments are closed.

Live Currency Calculators

1 GBP = 1.13734 EUR

1 EUR = 0.8792 GBP

Change Currencies

Free Currency Calculators Mobile App

Best iTunes currency converter mobile app

Free iTunes Mobile AppiTunes currency calculator mobile app for free. Find live currency exchange rates for your iPhone or iPad.

Best Google Play currency converter mobile app

Free Google Play Mobile AppGoogle Play currency calculators mobile app for Android phone. Free on google play getting live interbank exchange rates.

© 2018 Currency Calculators : All Rights Reserved : Google Currency Calculators - Bing Currency Converter- Yahoo Currency Calculators