HomePortalFAQRegisterLog in

altText
altText
altText
altText
altText
altText

Share | 
 

 £ plunges against the Euro and Leva

View previous topic View next topic Go down 
AuthorMessage
itchyfeet
Mega user
Mega user
avatar

Posts : 2267
Join date : 2010-09-10
Age : 61
Location : Paskalevets

PostSubject: £ plunges against the Euro and Leva   Sat Feb 02, 2013 10:50 am

[size=50:36apfwfe]BBC News

[size=150:36apfwfe]Pound sees biggest one-day fall against euro since 2010

The pound has fallen for a number of reasons

Fitch warns on UK's AAA rating.

The pound has continued to weaken against the euro, seeing its biggest one-day fall in almost three years, on continuing signs that the worst may be over for the eurozone economy.

At one point on Friday, sterling fell 1.8% against the single currency from a day earlier, the largest percentage fall recorded since May 2010.

This meant one pound was worth 1.1473 euros, the lowest since October 2011.

The pound has also been weakened by fears about the UK's AAA credit rating.

This follows after credit rating agency Fitch warned last month that the UK could lose the top rating if the government does not reduce its sovereign debt.

Continuing concerns about the UK economy, which contracted by 0.3% in the final quarter of 2012, have also hit sterling.

Eurozone improvements
At the same time, the eurozone economy is showing more signs of slow recovery, helping to boost confidence in the euro.

Data on Friday showed that while contraction in the eurozone's manufacturing sector had continued in January, the rate of decline had slowed.

In later Friday exchanges, the pound recovered some ground against the euro to stand at 1.15000 euros, 1.5% lower than a day earlier.

The euro also rose strongly against the dollar, hitting a 14-month high, and a 33-month peak against Japan's yen.
Back to top Go down
tonyb60
Mega user
Mega user


Posts : 2150
Join date : 2010-02-18

PostSubject: Re: £ plunges against the Euro and Leva   Sat Feb 02, 2013 12:54 pm

This is the one thing that really affects the cost of living for us Brits in BG. It doesn't sound a lot but our cost of living has gone up by 10 pound a week in about a 4 week period. But still a bit higher than 2 years ago.
.

_________________
Cast off all care, inhale fresh air.
Back to top Go down
tonyb60
Mega user
Mega user


Posts : 2150
Join date : 2010-02-18

PostSubject: Re: £ plunges against the Euro and Leva   Wed Feb 27, 2013 4:42 pm

The pound has shown a slight rise today. This rise is the first upward movement for 4 weeks after a fall due to the not very stable Eurozone and the Italian Election result. Lets hope a more stable pound is seen in the very near future.

_________________
Cast off all care, inhale fresh air.
Back to top Go down
itchyfeet
Mega user
Mega user
avatar

Posts : 2267
Join date : 2010-09-10
Age : 61
Location : Paskalevets

PostSubject: Re: £ plunges against the Euro and Leva   Wed Feb 27, 2013 7:33 pm

[You must be registered and logged in to see this link.] wrote:
The pound has shown a slight rise today. This rise is the first upward movement for 4 weeks after a fall due to the not very stable Eurozone and the Italian Election result. Lets hope a more stable pound is seen in the very near future.

Let's hope the £ continues to rise, because I am 6% worse off with my pensions. We live in a a changing world but I would appreciate my pension being left alone.

c
Back to top Go down
Sponsored content




PostSubject: Re: £ plunges against the Euro and Leva   

Back to top Go down
 

£ plunges against the Euro and Leva

View previous topic View next topic Back to top 
Page 1 of 1

 Similar topics

-
» Landy Rally Euro 4x4 Charity Drive 14-22 Sept 2011
» I DID WIN EURO MILLIONS - £6.40
» can the euro survive??
» FS: Euro Reef RS 80 Skimmer
» IWBank online or Citibank euro account

Permissions in this forum:You cannot reply to topics in this forum
 :: Banking, Currency, Insurance, Mortgages, Legal &anything related-