euro
Friday 02 January 2009
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Majority of Brits still against joining euro
Despite the dramatic fall in the pound, a large majority of Brits are still against joining the euro, as is Downing Street, which has refuted comments by European Commission president José Manuel Barroso that London was considering the idea.
Wednesday 31 December 2008
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Euro nears parity with the pound
By late afternoon trading on Tuesday the euro was trading at 1.02 against the British pound with parity expected within days, according to currency experts. The dollar was trading at 1.4108 against the euro.
Thursday 18 December 2008
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The end of the Slovak crown
From January 1 the euro currency will replace the Slovak crown. Slovakia is the second post-communist country to enter the Eurozone, following Slovenia. A 'Euromobile' van is touring the country to inform people about the new currency.
Wednesday 17 December 2008
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Dollar, pound plunge against euro over rate cuts
The euro rose by almost five cents against the dollar in New York late Tuesday after a US Federal Reserve announcement of a rate cut to 0.25%. Sterling slumped to another record low and got closer to parity with the euro.
Thursday 04 December 2008
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Sterling hits record low against the euro
The pound sterling was worth just 1.1526 euros in London trade on Thursday, its lowest since the 1999 creation of the European single currency. The Bank of England is expected to lower its interest rate later in the day.
