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.
Angela Merkel should have been waking up this morning to beautiful sunshine and headlines stating that she had saved the Euro. Unfortunately, that would have been the case back in July when the initial proposal for increasing the EFSF was announced, but that was before Spain and Italy were dragged...
VIEW FULL ARTICLEHope has this morning evaporated that the Euro zone is close to finding a solution to the Sovereign debt crisis. Yesterday, I commented on speculation that there would be a three pronged attack involving the ECB, EFSF and Private Bond Holders.
VIEW FULL ARTICLEOvernight, rumours have increased that the Euro zone debt crisis will be overcome through a three pronged attack from the ECB, Greece and the European Financial Stability Fund (EFSF). ECB statements on Monday that they were keeping their options open for a rate cut, has been met with speculation that...
VIEW FULL ARTICLEThe meeting of G20 finance ministers and the IMF over the weekend has failed to calm market nerves over the Euro zone debt crisis. Euro zone nations talked of increasing the €440bn rescue fund with a figure of €2 trillion being suggested.
VIEW FULL ARTICLEWhilst shaving this morning some of the headlines which were rolling off the Radio were ‘the end of the world’, ‘dangerous times’, ‘a return to military rule’ and finally my favourite ‘apocalyptic’, which in its very meaning suggests the end of the World, or at least an imminent disaster.
VIEW FULL ARTICLEThe Bank of England decided unanimously to leave its Bank rate at 0.5% all time low, according to the minutes of the latest monetary policy meeting, that also showed an increasing consensus on the need for more quantitative easing as the Bank observes weaker growth in the second half of...
VIEW FULL ARTICLEThis Wednesday will see the release of the minutes from the last Bank of England meeting;
VIEW FULL ARTICLEEuro zone Finance ministers gathered in Poland over the weekend - the hope was that a solution would be found to the Sovereign debt crisis, which threatens to bring an end to the single currency. However, yet again another meeting of European leaders only managed to create panic in the markets.
VIEW FULL ARTICLEUK inflation was in line with expectations in August, with the annual rate coming in at 4.5%. However, UK households will see finances further squeezed in September as higher utility bills take effect, with rates pushing up towards the top of the Bank of England’s inflation report of 5%.
VIEW FULL ARTICLERumours have surfaced overnight that Italy has asked China to buy Italian debt. The news has boosted stocks and the Euro, as risk sentiment improved on the back of the news. However, the article in the Wall Street Journal stated that Italy was ‘hoping’ China would buy ‘large amounts’ of...
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