07.12.2011 - British pound sterling: Currency remains broadly unchanged against EUR, weakens against USD
"The British Pound remained broadly unchanged against the Euro this morning, but weakened against the U.S Dollar, as risk appetite deteriorated following the announcement yesterday that Standard & Poor’s has put 15 European countries on watch for a potential downgrade in their respective credit ratings," says an exchange rate note from Adam Solomon at TorFx. European stocks slumped on the news, as did the FTSE 100 Index, while Asian shares also fell, increasing demand for the Dollar and the Yen as a haven...............................................Full Article: Source
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