Check out our blog every morning to see the latest news that will affect your currency transfer rate, so you know what to expect over the coming day/week.
Well it seems no amount of money, bailout, assistance, aid or otherwise can calm ‘irrational’ markets (as was the cry of Eurozone leaders) once sentiment really begins to gather momentum. The whirlwind of the European debt crisis has moved beyond the battered trio of Ireland, Portugal and Spain, as spreads...
VIEW FULL ARTICLEThe Euro has continued to weaken overnight at the start of the week’s trading, as more details of the Irish bailout emerge, and expectations (along with political pressure) increase for the Iberian peninsula to follow suit.
VIEW FULL ARTICLEThe euro is once again on the back foot due to sovereign debt concerns but this time it is Portugal that is under scrutiny and with reports flying around about the ECB and other countries urging Portugal to apply for financial assistance the euro has fallen from its highs earlier...
VIEW FULL ARTICLEIt seems the Euro’s slide has been halted, at least temporarily, after a week thus far of significant weakness in the aftermath of the Irish bailout. Rates against the Dollar and Sterling are virtually where they were this time yesterday, though looking at the financial press over yesterday and today,...
VIEW FULL ARTICLEAfter leaving the wreckage of Ireland in it’s wake, the Euro debt crisis tornado has weaved it’s path to other shores as expected over the last couple of days, and indeed equities closed closed down sharply in Spain and Portugal last night as fears grew that Europe’s sovereign debt panic...
VIEW FULL ARTICLEThe Euro has managed to find some support on hopes that Ireland is close to doing a deal with Europe that will support its banking system and the state as a whole. The head of Irelands Central Bank, Patrick Honohan, said that Ireland could receive “tens of billions” of euros...
VIEW FULL ARTICLEEmergency talks between EU finance ministers last night concluded with the EU piling more pressure on the Irish government to accept the bailout measures on offer from the wider Eurozone. A terse "it is the responsibility of the Irish government to decide" was the distinctly ominous sound bite of note.
VIEW FULL ARTICLEAs the G20 meeting continues to it most likely totally uneventful end, markets are starting to turn against the Euro which up until the last few days has been a pillar of strength in the currency world.
VIEW FULL ARTICLEWith the Quarterly Inflation Report due to be released later this morning, a raft of data released yesterday raised concerns about the outlook for the economy going forward and could well put the issue of fresh quantitative easing from the Bank of England over the coming months back on the table.
VIEW FULL ARTICLEAfter a prolonged period of relative strength against the Dollar and Sterling, the Euro appears to be back on the decline over the last couple of days. Renewed concerns about European sovereign debt, and Irish banking concerns in particular, are returning to haunt the Euro after most had thought it...
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