Yearly Archives: 2011

Eurozone interest rates cut

3 November, 2011

CurrencyIndex

The European Central Bank has cut Eurozone interest rates to 1.25%, amid chaos in Greece and the G20 summit. The Euro has weakened slightly, improving rates if you are sending money to Europe.

Exchange Rate Outlook – November 2011

2 November, 2011

CurrencyIndex

Currency Index’s summary of the exchange rate outlook for November.

Germany warns Greece as Euro climbs

2 November, 2011

CurrencyIndex

As Greek Prime Minister George Papandreou yesterday made the shock announcement that a Greek referendum was proposed ahead of accepting the Eurozone rescue package, Germany has warned that there is no room for renegotiation…

Best rates for buying Euros since March

1 November, 2011

CurrencyIndex

New fears about Greek debt default, and speculation that the ECB may cut interest rates on Thursday, have weakened the Euro in trading today…

Euro cheaper as Eurozone jobless reaches record high

31 October, 2011

CurrencyIndex

This morning’s Eurozone unemployment figures showed the worst data in the Euro-era, with 16.2million unemployed across the 17-nation single currency area. The Euro has weakened (become cheaper) throughout the day.

Currency news out this week 31 Oct 2011

31 October, 2011

CurrencyIndex

This week’s economic data due out is as follows; the main news for sterling is likely to be tomorrow’s first reading of GDP in the third quarter…

Euro rates fall, USD cheaper, as Eurozone debt deal announced

27 October, 2011

CurrencyIndex

Exchange rates for buying Euros have started to fall as leaders agreed a package to contain the Greek debt crisis…

EU leaders hope to reach debt crisis plan

26 October, 2011

CurrencyIndex

EU leaders are meeting at an emergency summit in Brussels to try to finalise plans to tackle the Eurozone debt crisis.

Currency news this week 24 Oct 2011

23 October, 2011

CurrencyIndex

This weeks’ headlines are likely to revolve around the Eurozone summit – and there is not much other data due out likely to affect sterling or the Euro. Elsewhere around the world we have plenty of news due out to keep the currency markets moving.

This week’s calendar is as follows…

Retail sales up, but mortgage lending down

20 October, 2011

CurrencyIndex

Today’s data has been a mixed bag for the Pound, with retail sales better than expected, but mortgage lending still subdued.