Best Euro rates for 4 months

ECB President Trichet’s speech yesterday stated “uncertainty” about the Eurozone recovery – which has sent jitters through the market and decreased the price of a Euro today.

This is good news if you are sending money to France, Spain or anywhere else in Europe – the exchange rate is at its best since September.

With a lack of UK data today the probability of further gains might be small, specially with traders likely to take profits before the weekend which could bring the rate back down later today.