Forex News Blog

In the early 2000s, Germany was struggling to adhere to euro -zone criteria aimed at ensuring common currency stability. Instead of introducing austerity, however, Chancellor Gerhard Schröder simpl…

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.