1Casa Daily Currency News

Today's Updates Libya guns for the right sort of gold The timely accumulation of more than 140 tonnes of gold reserves by the Central Bank of Libya shows smart forward planning. But the high transaction costs for physical gold leads one to question it as a hedge against real risks in today's world, says John Dizard Quantitative easing does it, up to a point Though moves such as QE and the release of strategic oil stocks are highly effective, they are not sustainable Greek fiscal crisis undermines euro The euro lost ground against the dollar and dropped to a record low against the Swiss franc this week on worries over Greece's fiscal crisis German business confidence brightens Munich-based Ifo Institute reports a rise in its business climate index for the first time since February as companies shrug off worries about Greek debt crisis Greece's euro exit can now only be a matter of time A Greek debt default, however it is disguised, is a foregone conclusion but of more interest is the fate of the euro, writes Samuel Brittan.  Cristina Sanchez info@1casa.com 1casa.com  Call us from UK on 0843 207 86 32  From Spain 952 49 5509

GLOBAL CURRENCY EXCHANGE RATES CURRENCIES Mid Price GBP-EUR 1.1275 GBP-USD 1.5941 GBP-AED 5.8541 GBP-AUD 1.5299 GBP-EGP 9.5309 GBP-BRL 2.5423 GBP-KWD 0.4385 GBP-NZD 0.5031 EUR-USD 1.4138 EUR-AED 5.1921 EUR-BRL 2.2548 USD-AED 3.6724 AUD-AED 0.2613 NZD-AUD 0.7696 NZD-USD 0.8019 NZD-EUR 0.5672 Please note the above are indication rates between the buy and sell side of the market at 7am on Monday 27th of June 2011