Welcome to the Pure FX account of the latest changes in the euro exchange rate, covering the 30th November to 7th December 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. If you plan to transfer money to Spain or Portugal, there may finally be some good news for you from the foreign exchange market this week. This is, the euro’s six-week rally against the pound and US dollar has come to an unceremonious end, as the European Central Bank hints it might cut interest rates below 0.75% in 2013. This was widely unexpected and caused the euro to lose more than a fortnight’s gains against sterling in … [Read more...] about Euro rally ends as ECB hints at rate cut