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Over the weekend there were proposals that Germany and the other 5 AAA-rated nations of Europe might start jointly issuing 'Elite' bonds. Pound rates are today being driven by attitude to risk - and what a morning it has been. Equity markets have surged, and risk associated currencies such as the Australian dollar have moved higher.

This article discusses the decrease in worth of the British pound. Normally the British pound is thought of as a very safe currency, similarly to the US dollar and the Japanese Yen. It proposes possible new ways to get the economy running again in Europe.

The euro held onto its modest gains against the dollar and the yen in Asia on Tuesday, with optimism toward the eurozone debt crisis giving some support to the currency.