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News, comment and analysis on Spain, Portugal and beyond

europ to pound

Euro gains as Rajoy’s waiting game pays off

October 19, 2012 by Peter Lavelle, Pure FX Leave a Comment

Welcome to the Pure FX account of changes in the euro exchange rate, covering the 12th to 19th of October 2012. This is intended as a brief guide to movements in the euro this week, to put you in the best position for when you exchange currencies. Latest exchange rate changes Pound to euro: 1.2398 to 1.2276 Pound to US dollar: 1.6036 to 1.6038 Euro to US dollar: 1.2936 to 1.306 Who would have thought it? The euro continued its slow ascent against the pound and US dollar this week, bouncing back ever since its July nadir of 1.20 against the greenback. This is chiefly as Spanish prime minister Mariano Rajoy’s strategy of simply waiting out the markets pays off, and events turn in … [Read more...] about Euro gains as Rajoy’s waiting game pays off

Filed Under: Expats Tagged With: currencies, ecb, euro to dollar, europ to pound, eurozone crisis, exchange rates, foreign exchange, purefx, rajoy, spain bailout

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