Traders were waiting to see whether the weekend rescue package for the euro zone would continue to bear fruit, and whether the combination of the British Conservative-Liberal government would prove effective at its inception.

The euro slipped to $1.2584 from $1.2625 on Wednesday, and the British pound $1.4759 from $1.4831.

The euro dropped to $1.2632 in morning European trading Wednesday from $1.2694 the night before in New York.

The British pound extended its recent rebound against the dollar, pushing higher after Conservative leader David Cameron took office as Britain's prime minister, with Nick Clegg of the Liberal Democrats as his deputy.

GBP/USD hit $1.4998 during early European trade.

The euro fell to $1.2749 after spiking above 1.30 dollars on Monday

The U.K. pound slumped immediately after Gordon Brown’s resignation statement which left the door open to a Labour / Liberal Democrat deal and cast doubt on whether a Tory / Liberal Democrat coalition would be formed.

The pound was at $1.4830 in early trading, after reaching the $1.50 mark yesterday.

The euro bought $1.2973 in early trading, down slightly from a recent high but up from $1.2523 last week.

The U.K. pound rose against the dollar amid speculation Conservative Party leader David Cameron would ally with the Liberal Democrats to create a coalition government strong enough to tackle the nation’s record budget deficit.

The British currency snapped a run of six declines against the dollar as both political parties said they will prioritize managing the U.K.’s finances, should an alliance be formed after last week’s election produced no clear winner.

The pound rose as high at $1.50, before dropping back slightly to $1.4987 morning trading.

The secondary market of the ECSE recorded low activity, with less than 1,000 units exchanging hands. The ECSE EC share index closed at 146.92.

The next auction on the RGSM takes place on Friday 14th May, when the Government of St. Vincent & the Grenadines seeks to raise EC$20 million in a 91-day Treasury Bill issue. The maximum discount rate is 5.82% and the minimum bid is $5,000.

TRINIDAD

On the TTSE, the Cross Listed Index declined, while the major Indexes advanced. Overall market activity resulted from the trading in 21 stocks, of which two advanced, two declined and seventeen traded firm. Guardian Holdings Ltd led the advancers, closing at $14, up 6.3%.

First Citizens Bank of Trinidad & Tobago, the parent company of CMMB Ltd, has posted an after-tax profit of TT$286 million for its fiscal six-month period up to March 2010. This represents a 7.68% increase from the same period last year. The company's balance sheet had a year-on year growth of 66.9%, resulting mainly from the acquisition of CMMB.

JAMAICA

33 stocks traded on the JSE, with an advance:decline ratio of 15:13. Market volume amounted to 47.9 million, valued at over $704 million. National Commercial Bank Jamaica Ltd was the volume leader, with 35% of market share, followed by Supreme Ventures Ltd and Scotia Group Jamaica Ltd.

BARBADOS

On the Regular Market of the BSE, 51.6 thousand shares traded. The top three companies traded were Neal and Massy Holdings Ltd with 42.4% of volume, Sagicor Financial Corporation and Cable & Wireless Barbados Ltd. All three indexes decreased, with the Cross-List Index dropping the most, closing at 1,397.07.

INTERNATIONAL

The international focus is again on Greece. European leaders have agreed to set up an emergency fund to curb the spread of the country's fiscal woes, seeking to prevent a sovereign debt crisis from diminishing confidence in the 11-year euro. Europe's failure to contain Greece's fiscal crisis triggered a 4.3% drop in the euro for the week, the biggest weekly decline since October 2008. This prompted the U.S. and Asia to rally around in a bid to prevent a global sovereign-debt crisis from pitching the world back into a recession.

U.S. stocks fell the most in 14 months, as the most volatile trading in 23 years erased the Standard & Poor's 500 Index's 2010 advance. The Dow Jones Industrial Average fell as much as 9.2%, the biggest drop since the crash of 1987.

EUR/USD was at $1.2790, up from $1.2606 in early Asian trading and from $1.2639 late Thursday.

The U.K. pound dropped as fears of a 'hung Parliament' were confirmed when no Pary won a clear majority in the just-concluded polls.

GBR/USD was at $1.4676 in very volatile trading, but was still higher than the $1.4473 seen just after the election results became public.

Fierce rioting in Athens to protest government austerity plans has increased fears that Greece policymakers might not be successful in their attempt to consolidate Greece's hefty debt load.

EUR/USD slumped 0.78% to hit $1.2714.

The U.K pound is tumbling ahead of the elections, marking the fifth consecutive decline on worries that the elections will not have a parliamentary majority, therefore weakening the government's position to narrow budget deficit.

GBR/USD is trading at $1.5038.

EUR/USD was at $1.2685 down nearly 1% from $1.3011 in late North American trade on Tuesday.

The British pound slipped to a five-week low against the dollar. Political uncertainty ahead of a national election on Thursday in the U.K. should keep the pound vulnerable in coming sessions.

GBP/USD was at $1.5122, down from $1.5176 on Tuesday.

Over the weekend, European finance ministers agreed a 110 billion euro bailout package for Greece, but doubts remained about whether the country could make the steep budget cuts necessary, especially with unions planning more strikes.

EUR/USD was down 0.5 percent at $1.3126.

The U.K. pound fell against the dollar, hitting a 3-day low ahead of key data on the British manufacturing sector, and as the country's prime ministerial candidates ramped up their campaigns in the race to Downing Street.

GBP/USD hit 1.5181 during early European trade.