Forexyard

For the fourth day in a row the British pound fell against the euro following the release of figures by the Office of National Statistics that showed just a very small expansion of the economy, as the UK, along with many other nations, struggles to recover from recession. The pound was down significantly today but, the US dollar also lost ground against its European counterpart, as faith begins to return to investors of the euro.

During Friday – the last day of the Forex trading week – traders at ForexYard saw Sterling fall by 0.3 per cent to 88.54 against the euro. Friday’s losses for the pound followed a fall to a two-week low of 88.25 on Thursday, and two other previous days of losses for the EUR/GBP currency pair on Wednesday and Tuesday.

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