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Sterling Rallies Amidst Base Rate Cuts

Commenting on the Pound’s further gains against the Euro, Stephen Heath, Chief Executive of FairFX.com, said: “The Pound has rallied amidst news of the base rate cut, gaining one per cent against both the Euro and the Dollar. The Pound is now trading at €1.1211 and $1.5232 to £1 – and it is expected to claw back further gains in the coming months as Europe and America start to look as vulnerable as rival economies.”

Thursday 08 January 2009, 01:34pm

Tags: dollar exchange rates, dollar rates, euro rate, euros, exchange rates, interest rate, interest rates

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