CurrencyIndex.co.uk

Foreign Currency Exchange Specialists

Friday, 3 September 2010

Euro rate below €1.20

The Euro mid-market rate has dropped below €1.20 today for the first time since July, prompting fears for buyers of overseas property in Europe.

The Pound has been faltering over the last fortnight, and this morning's Eurozone retail sales data, which showed strong growth of 1.1% in the year to July, has also given the Euro more strength [made it more expensive].

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