Wednesday 20 May 2009

Sterling latest

What about the pound?

On 12 January we wrote that the pound could recover against the euro in time for the summer holidays. We wrote again on 11 March and things had got worse: it was worth 1.086 euros and $1.38.

So, where are we now?

The pound is now worth 1.1344 euros and $1.5306. That's a change in the pound's favour of 4.46% and 10.91% respectively.

It's nice to report an improvement. There may be more to come.

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