Currency Exchange UK

 

Currency Roundup at Midday

Currency Roundup at Midday

Uncertainty over the recovery in Britain has caused both the British pound and shares to fall, together with poor figures from the country’s manufacturing sector.

European shares fell around 1 per cent causing the Euro to fall against the dollar after early gains.  This fall – to around $1.4341 – came despite good unemployment results. 

In August, jobless figures in Germany fell to unexpected levels in August.

Over in Japan, the yen has reached close to seven-week highs against the dollar, at over 93 to the dollar. 

This was linked to the election results from the nation – the leading opposition party won in a landslide victory.  Japanese markets are still waiting to see how foreign investors react to the change in leadership.