Currency movements in Europe

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More warning signs for Euro Sellers

Although the single currency traded near recent highs against the US Dollar following surprisingly upbeat German business sentiment, the Euro came under pressure later in the day when an ECB official hinted at the possibility of negative deposit rates being used next month.

If this were to happen the value of the Euro would fall dramatically and those investors holding Euro would beat a hasty retreat from the market.

Additionally in the UK a report from the British Bankers Association showed that loans for home purchases in the UK rose more than expected for January, reflecting the overall strength in the UK housing sector. Another boost for the UK and for investors holding Sterling.

February is shaping up to be the 8thconsecutive month where Sterling has gained on the Euro. Consequently investors holding Sterling are seeing their buying power increase and this is reflected in the level of activity from UK buyers. Things are hotting up in the property market!
Currency movements in Europe

GBP / EUR – 1.2125
GBP / USD – 1.6677
EUR / GBP – 0.8245
EUR / USD – 1.3752
GBP / AED – 6.1236
GBP/AUD – 1.8501
GBP / CAD – 1.8452
GBP / CHF – 1.4789
GBP / CNY – 10.214
GBP / DKK – 9.0487
GBP / HKD – 12.944
GBP / HUF – 376.39
GBP / INR – 103.28
GBP / JPY – 170.63
GBP / NZD – 2.0018
GBP / RUB – 59.426
GBP / SEK – 10.828
GBP / THB – 54.286
GBP / ZAR – 18.028

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Currency movements in Europe

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