ECB Rate kept at 1%

As was expected – the European Central Bank today held its main interest rate at a record low of 1% . It has been at the same rate now since May 2009

Worries about Irish debt has not affected the Euro- the US Dollar remains at the lowest levels against the Euro for over half a year.
The Euro is also  still gaining on the Pound.  Sterling was trading at the mid-market rate of 1.1416   against the Euro this morning.

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