Currency News

Euro hits fresh lows on debt concerns Single currency drops to a fresh record low against the Swiss franc on concerns over the eurozone sovereign debt crisis Rise in gold producers fails to cheer Asia Stock markets were mixed as caution continued to blanket the region due to worries about debt issues in the US and Europe Equities offloaded in flight to quality Gold and German bunds find favour as stress tests fail to allay concerns amid failure to find solutions for the European debt crisis and US debt ceiling Investors head for havens in debt storm Gold burst through $1,600 for the first time as the eurozone's escalating debt crisis sent fear through financial markets Italian and Spanish bond yields jump Borrowing costs for both countries hit euro-era highs as markets step up pressure on EU leaders ahead of a crucial summit. CURRENCY EXCHANGE RATES CURRENCIES Mid Price GBP-EUR 1.1390 GBP-USD 1.6045 GBP-AED 5.8924 GBP-AUD 1.5136 GBP-EGP 1.1390 GBP-BRL 2.5401 GBP-KWD 1.1383 GBP-NZD 0.5262 EUR-USD 1.4086 EUR-AED 5.1733 EUR-BRL 2.2302 USD-AED 3.6725 AUD-AED 0.2569 NZD-AUD 0.7964 NZD-USD 0.8442 NZD-EUR 0.5993 Please note the above are indication rates between the buy and sell side  of the market at 7am on  Tuesday 19th of July 2011