The euro remained steady against the dollar and sterling following the auction.
The Rupee, being a silver coin rose in value against sterling.
The euro has fallen to another fresh low against sterling.
But if he has a bet against sterling, it is almost certainly a response to its recent strength.
The euro has also fallen against sterling today, hitting a low of 83.71p to the pound.
It is also trading down against sterling, at €1.2120, as well as the Japanese yen.
The case against sterling is a powerful one [Hirsch, 1965].
The dollar also rose in value against sterling in the United States.
As the price of silver continued to fall, so too did the exchange value of the rupee, when measured against sterling.
The dollar again weakened against sterling, which rose to $1.6625, from $1.6585.