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Euro Bailout Hopes Persist, British Pound Slips

Summit hopes give risk-on currencies a lift, and there's a prize for a euro exit plan - time for your FX Fix.

The euro was stronger on persistent hopes for the upcoming European Union summit. [WSJ]

The British pound edged lower after the Bank of England's October meeting minutes were released. [RTT]

The Australian dollar moved higher on speculation about the size of a European bailout. [WSJ]

Moody's cut Spain's debt rating two notches, and warned it might do more. [Reuters]

High-frequency trading is making inroads in the currency derivatives market. [WSJ]

A British businessman is offering a $390,000 prize for the best plan for countries to exit the euro zone. [CNBC]

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