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Iberosphere

News, comment and analysis on Spain, Portugal and beyond

spain bond auction

Pound looks to consolidate gains against euro

April 20, 2012 by Peter Lavelle, Pure FX 2 Comments

Here is my latest update of the British pound to euro exchange rate, covering the 13th to 20th April 2012. This is intended as a brief guide to what’s affected the exchange rate this past week as well as what might happen next, to help you decide if now is the best time for you to change currencies. Pound to euro: +0.96% weekly increase 1.2223 (1.2107 a week ago) +2.91% monthly increase 1.2223 (1.1878 a month ago) This week: 1. UK unemployment falls. The pound has climbed to 1.22 against the euro this week (its highest rate since August 2010) as UK unemployment registers a surprise decline. Sterling also took ground from most other major currencies. 2. Spanish bond auctions … [Read more...] about Pound looks to consolidate gains against euro

Filed Under: Expats Tagged With: eurozone crisis, gbp-eur, pound euro exchange, pound-euro, purefx, spain bond auction

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