The GBPEUR exchange rate continues to hover at 1.20 this morning on reports that Portugal may seek an EU bailout.
Sterling has jumped to 1.1906 against the euro this morning on reports that EU officials hope to impose bondholder haircuts on investors in European banks.
UK businesses made higher profits in Q3 2010 than any time in 18 months according to new figures. Good news for sterling!
297k new US jobs were created in December according to figures released today by ADP. Good news no doubt for the US economy – but can it last?
British manufacturing activity hit its highest level since 1994 last month according to new figures, and this has boosted confidence in sterling.
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This morning British VAT has risen from 17.5% to 20.0% boding ill for UK retail figures in 2011.
US unemployment has fallen to its lowest rate since July 2008 according to figures released on Thursday.
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