BoE & ECB

The Bank of England and the European Central Bank have both left their monetary policies unchanged today at 0.50% and 1.50% respectively as growth slows and the European debt crisis spreads to Italy and Spain.

The Pound is up against the Euro trading between 1.14 – 1.15 and in the region of 1.63 against the US Dollar. The Euro currently trades at 1.42 against the US Dollar.

The Pound has also appreciated against commodity currencies, passing 1.54 against the Australian Dollar and 1.58 against the Canadian Dollar.

The exchange rates mentioned in the above email are based on the current interbank rate. Please do not hesitate to contact the dealing team on +44 (0) 1695 581 669 for a live quote.