EURO Falling (at last!)

The euro has dropped to its lowest rate against the dollar and pound in 16 months, as concerns continue over the health of Europe’s banks.

The euro fell as low as $1.2780 against the dollar and was at an 11-year low versus the yen. Against the pound, it fell to

Crisis Averted?

The news this morning is full of praise for the deal which the eurozone leaders have hammered out overnight to deal with the debt problems. The purpose of the deal is to try and stop the Greek debt crisis spreading to larger eurozone economies like Italy and Spain.