Euro continues to hold steady against other currencies

The euro continued to be the steady ship in choppy seas yesterday as it gained slightly against sterling and continued to be range bound against the greenback. The single currency gained half a cent against the pound as BoE minutes revealed at least one member voted for a 50 basis point cut. Against the dollar we are still range bound, but if the $1.50 level is breached, the euro may have some way to go.