Euro Rates Slip On Finnish Election

Pound to Dollar Rate Drops to One-month Low

GBP Euro exchange rates have moved a little against the Euro at present this morning following the Finnish election results yesterday.  The result saw the “True Finns” party achieve a significant minority and they are staunchly opposed to Finnish taxpayers money being used to bail out struggling member states like Greece, Ireland, and Portugal.  Whilst not earth shattering news it has dented confidence in the Euro slightly on what is an otherwise quiet day for UK and European data as the True Finns they are confident they will be able to change the terms of the current Portuguese bailout.