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15/08/2001
Euro tops 90 cents as it forges on to a new high
The euro was heading towards a new mid-year high as it pushed through the 90 cent barrier against the US dollar on Wednesday morning.
The dollar slid against the euro and the yen as currency markets continued to respond to downbeat assessments of the health of the US economy made by the International Monetary Fund (IMF).
The IMF warned that the US economy’s current deficit was unsustainable and analysts predicted that the dollar was likely to face a sharp depreciation. Further gloomy data on the US economy was anticipated with the release of US industrial production figures on Wednesday. The US output has fallen for nine consecutive months and although the decline was widely expected to be reduced, analysts were still forecasting another fall in advance of the report.
The euro hit a five-month high of 63 pence against the UK pound, as a press report claiming that UK Chancellor Gordon Brown had instigated an assessment on whether or not the UK should join the euro, undermined the value of the pound on Tuesday. (SP)
The dollar slid against the euro and the yen as currency markets continued to respond to downbeat assessments of the health of the US economy made by the International Monetary Fund (IMF).
The IMF warned that the US economy’s current deficit was unsustainable and analysts predicted that the dollar was likely to face a sharp depreciation. Further gloomy data on the US economy was anticipated with the release of US industrial production figures on Wednesday. The US output has fallen for nine consecutive months and although the decline was widely expected to be reduced, analysts were still forecasting another fall in advance of the report.
The euro hit a five-month high of 63 pence against the UK pound, as a press report claiming that UK Chancellor Gordon Brown had instigated an assessment on whether or not the UK should join the euro, undermined the value of the pound on Tuesday. (SP)
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14 August 2001
Euro reaches new high against US dollar
Last week’s improving fortune of the euro currency on the foreign exchanges has continued this week. The euro, which has long been viewed as a fragile currency, has found a new gear on Monday as it powered to a new high close to 90 cents.
Euro reaches new high against US dollar
Last week’s improving fortune of the euro currency on the foreign exchanges has continued this week. The euro, which has long been viewed as a fragile currency, has found a new gear on Monday as it powered to a new high close to 90 cents.
12 March 2015
Belfast Firm Scoops Business For It's Free'ist Products From Spinney's
GM Marketing in Belfast has won business for its Free'ist sugar and gluten-free products from Spinney's, with assistance from Invest Northern Ireland.
Belfast Firm Scoops Business For It's Free'ist Products From Spinney's
GM Marketing in Belfast has won business for its Free'ist sugar and gluten-free products from Spinney's, with assistance from Invest Northern Ireland.
15 November 2002
Guide shows SMEs how to compete in eurozone
In a move to encourage more small to medium-sized companies to grow faster through a sharper focus on business opportunities in Europe, Invest NI has produced ‘Trading with the Euro’, a new guide to opportunities within the Eurozone. The guide is being distributed to over 1,700 client companies and will be available on the web.
Guide shows SMEs how to compete in eurozone
In a move to encourage more small to medium-sized companies to grow faster through a sharper focus on business opportunities in Europe, Invest NI has produced ‘Trading with the Euro’, a new guide to opportunities within the Eurozone. The guide is being distributed to over 1,700 client companies and will be available on the web.
16 August 2001
Ireland’s companies should prepare for euro payslips
When the Republic of Ireland switches to the euro on 1 January 2002, one of the first visible signs for the working population will be receiving the euro amount on their payslips.
Ireland’s companies should prepare for euro payslips
When the Republic of Ireland switches to the euro on 1 January 2002, one of the first visible signs for the working population will be receiving the euro amount on their payslips.
22 January 2002
Bank of England warns against devaluing sterling
A senior official from the Bank of England has hit back against reports advising that the pound should be reduced in value if the manufacturing sector is to emerge from recession.
Bank of England warns against devaluing sterling
A senior official from the Bank of England has hit back against reports advising that the pound should be reduced in value if the manufacturing sector is to emerge from recession.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
