Some cool moneymarket images: Banco Pastor, Madrid, Spain Image by Pranav Bhatt
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Pound ‘will be worth 1.33 euros in a month’ as euro goes on weakening
As the euro continued to be undermined by worries over the financial stability of Italy and Spain, it fell to a level of 78.4p – it's lowest since late October 2008. That means the pound is now worth €1.275 on the foreign exchange markets.
WORLD FOREX: Euro Extends Bounce as Dollar Sags Ahead of Bernanke
The euro extended an overnight bounce against the dollar in European trading Tuesday, ahead of a hotly-awaited policy update from Federal Reserve Chairman Ben Bernanke and after Spain presided over a smooth treasury bill auction.