The gold painted British Airways flight from Greece landed at the Royal Naval Air Station Culdrose in Cornwall at 19.31 (BST) carrying the Olympic flame with Princess Anne, Seb Coe, David Beckham, Olympics minister Hugh Robertson, London Mayor Boris Johnson and five young people from the UK.
After a welcoming ceremony at the foot of the aircraft David Beckham lit the Olympic torch from the lantern that had been carried on board the flight from Greece.
Tomorrow, the 70-day Olympic Torch Relay will start from Land’s End and will employ 8.000 bearers who will carry the torch within 10 miles of 95% of the population of the UK, Isle of Man, Guernsey and Jersey including an excursion to Northern Ireland.
Whilst David Beckham was in Greece, Greek Olympic officials accidently “knighted” him before the Queen has been able to grant him the distinction. On arrival at the Royal Navy airbase, the BBC presenter greeted him jokingly as “Sir” David Beckham, bringing a roar from the crowd present.
Follow the Olympic Torch Relay route starting tomorrow 19th May from Land’s End and see in detail every town and village that is passes through until it reaches the Olympic Stadium on the 27th July.
More than 8.000 bearers will carry the torch within 10 miles of 95% of the population of the UK, Isle of Man, Guernsey and Jersey including an excursion to Northern Ireland.
There will be many special events and celebrations along the way, all details of which are available on the Route Map to be found below:
Olympic Torch Relay route
STERLING rose to the highest level against the euro for 16 months on worries over euro zone government borrowing and as data showed a boost in UK service sector activity. The pound hit €1.2113/£1, the highest since late 2010.
The view that the UK economy will outperform the euro zone was given a boost by the news that service sector activity had beaten expectations to reach the highest level since July. Sterling however dragged against the US dollar as strong US employment figures boosted the US dollar and concerns over the euro zone boosted safe haven demand for the US currency. It is a quiet day for data today, with the focus elsewhere but volatility is still set to be high so call in now for a live exchange rate.
In the euro zone, the euro continued its downward spiral yesterday hitting multi-month lows against the US dollar and the pound. The issue this week is that investors are concerned over the ability of countries to raise funds on the bond markets. Having entered a period of bond auctions, Germany’s auction this week was pretty lacklustre and France had to sell at increased interest rates to attract investors yesterday. This saw a sell-off of euros again and with markets expecting sterling to breach €1.25/£1 by mid 2012, is there a possibility that we will see this sooner?
Source: Sterling highest againt the euro in sixteen months.
STERLING hit the highest level against the euro for nearly 10 months yesterday, breaking through €1.19/£1 as a lack of confidence in a solution to the debt crisis and the risk of downgrades gathered pace.
Negative sentiment towards the euro did however drive sterling lower against the US dollar as investors looked to the safer haven of the US currency. Sterling is not necessarily being driven by any UK data, more the lack of confidence in the euro. One slight positive for sterling was that Spencer Dale, chief economist at the Bank of England, felt that inflation would not fall as fast as predicted and as such he would not necessarily support further Quantitative Easing. Call in now for a live price.
In the euro zone, the euro suffered yesterday again falling to a 10 month low against sterling and an 11 month low against the US dollar. Concerns are high over the impact of potential sovereign debt rating downgrades after several rating agencies this week warned of possible European wide cuts to credit ratings. Italy also struggled to auction a round of 5 year bonds and ended up paying record costs for its 5 year borrowing. Call in now for a live exchange rate as we could conceivably be over 1.20 very soon.
Source: Sterling hit the highest level against the euro for nearly 10 months yesterday | Olive Press Newspaper Spain | News.