Exchange Rates: Recent Developments

August 2011
United Kingdom Country Monitor;Aug2011, p14
Country Report
The article offers information regarding the recent developments in the exchange rates in Great Britain in 2011. It states that the overall improvement in the gross domestic product (GDP) growth in the second and third quarters has boosted the pound. It mentions that the increase of the Eurozne interest rates by 25 basis points by the European Central Bank (ECB) has supported the euro.


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