Sterling tumbles as UK govt projects big public debt, tax rise Chancellor Alistair Darling says competitive fx rate is helping exporters The Pound hits a 3-week low of $1.4440 = GBP1.00 Sterling tumbled to a three-week low against the dollar on Wednesday after the UK government projected a massive increase in public debt and said it would increase taxes as it unveiled its budget. The pound was also weighed down as British finance minister Alistair Darling said a competitive exchange rate would help... more
Currency Cross Rates Table
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Currencies - Cross Rates
| AED | AUD | EUR | GBP | JPY | USD | |
|---|---|---|---|---|---|---|
| AED | 1 | 0.29278 | 0.2031 | 0.17629 | 25.3875 | 0.27225 |
| AUD | 3.41556 | 1 | 0.6937 | 0.60212 | 86.7125 | 0.92989 |
| EUR | 4.92368 | 1.44155 | 1 | 0.86798 | 125 | 1.34048 |
| GBP | 5.67258 | 1.6608 | 1.1521 | 1 | 144.0125 | 1.54437 |
| JPY | 0.03939 | 0.01153 | 0.008 | 0.00694 | 1 | 0.01072 |
| USD | 3.67307 | 1.07539 | 0.746 | 0.64751 | 93.25 | 1 |
| Other Currencies |
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Budget 2009 - Economy Contracts
The chancellor says that, for the first time since WWII, the world economy is expected to contract this year. £20b increased in bank lending for mortgages this year. Borrowing expected to be £275bn, some 12.5% of GBP Read More →
Exports are falling
The Chancellor Mr Darling says that although our exports are falling, exports in Germany and other countries are falling more sharply. Read More →
2009 UK Budget News
Get all the latest new from the 2009 UK Budget on April 22 2009 live here. Chancellor, Alistair Darling, will make his Budget statement to the House of Commons at 12.30 pm today. How will that effect your Foreign Exchange position. Stay on this page for a sector by sector breakdown of how the Budget will effect you or your companies trading position. Read More →
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