The pound euro exchange rate is 0.13 pct lower than at Friday night's close at 1.2829. The pound dollar exchange rate is 0.51 pct in the red at 1.5538.

The pound dollar exchange rate is 0.16 pct lower at 1.5702. The pound Australian dollar exchange rate is 0.07 pct lower at 1.5064.

19 Jul 2012 at 7 PM - Written by John Cameron. STORY LINK British Pound Sterling Strikes New High Against the Euro as Doubts Remain over Spanish Bailout.

The pound dollar exchange rate is 0.13 pct higher at 1.5673. The pound Australian dollar exchange rate is 0.31 pct in the red at 1.5052.

Matthew Black of Clear Currency says sterling has become a safe haven for currency traders: This Euro weakness is likely the result of general fears over rising yields on peripheral Eurozone debt, and once again we have seen the British Pound sought as ...

So it would seem that it is the pound Australian dollar pair that is having all the fun this morning. No doubt this will have a lot to do with fears that the RBA could cut interest rates further following a bout of poor jobs data released earlier today ...

Market volatility has certainly picked up. While this morning we see GBP-USD on the front foot it was only last night that sterling slipped back under 1.55.

Yesterday the market driver for global currencies were the policy decisions made at the Bank of England and European Central Bank.

The Bank of England increased its asset purchase programme by 50bn GBP, in line with analyst expectations. The purchases will be spread over four months (as opposed to the more typical three) so this will take the MPC through to the November Inflation ...

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