12 May 2009

Euro Continues Strength, Pound in Jeopardy

Watch out for the Euro - it is the new strong currency on the block. It has reached seven week highs against the US dollar at the end of Monday, this fact being put down largely to the ECB's decision to keep interest rates on hold.

Over in Britain, the pound has also been strong in recent times, although don't get too used to it... it might drop again when latest unemployment figures are released. There's nothing like a round of rising jobless rates to cause a currency to receive a hard time.

It's not all bad news though - the sunny Easter weather meant that more people hit the shops, and retail figures for April are up.

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