Euro hits best rate since Oct 2010, dollar rallies

Today has seen the Pound hit its highest level against the Euro since Ocotber 2010, despite poor UK manufacturing data released this morning.

Persistent worries about Spanish debt have weakened the Euro, making money transfers in the single currency their cheapest in around 18 months.

The US Dollar, conversely, has strenghtened slightly today, althrough rates are still relatively attractive.