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.
Halloween marks the end of an era at the ECB with President Trichet stepping down to be replaced by Mario Draghi. Draghi in turn presides over his first ECB Council Meeting on Thursday with the market split as to whether he will cut rates in light of weak survey data...
VIEW FULL ARTICLEBrussels yesterday metamorphosed itself into Hollywood for the evening, as European leaders were met with a red carpet and a barrage of photographers, before entering in to vital talks which aimed for the night’s big prize of saving the Euro.
VIEW FULL ARTICLEThe hope had been that today’s meeting of Euro Zone leaders would be the catalyst for finding a solution to the Euro’s woes. However, a resolution is looking increasingly unlikely after the meeting of European Finance ministers before this evening’s summit, which was scheduled for last night, was cancelled.
VIEW FULL ARTICLEWednesday’s meeting of Euro Zone leaders was given added impetus yesterday - as if it needed it - with the release of the flash estimate of Euro zone PMI, which showed a deeper than predicted contraction to 47.2, against expectations of 48.8.
VIEW FULL ARTICLESunday’s eagerly anticipated meeting of Euro Zone leaders has failed to deliver any concrete solution for solving the debt crisis. There has luckily been one unanimous agreement - that another meeting is required for this Wednesday.
VIEW FULL ARTICLEEuropean Council President, Herman Van Rompuy, views this weekend’s meeting of Euro Zone leaders as being important enough to reschedule the date by a week, from the 17th October to the 23rd October. The hope was that the additional week would give European leaders time to come up with a...
VIEW FULL ARTICLEHaving won the preliminary vote yesterday evening, Greek PM Papandreou now needs to secure the final ballot against the background of the second day of a 48-hour general strike. The vote in Greece happened as Merkel and Sarkozy met in Frankfurt at an event to mark Trichet’s departure from the...
VIEW FULL ARTICLEThis week looks set to be dominated by reports and rumours, rather than economic data. The Guardian newspaper reported yesterday that France and Germany had agreed to boost the Euro Zone rescue fund to two trillion Euros.
VIEW FULL ARTICLEYesterday’s euphoria over the prospect for a comprehensive solution to the eurozone debt crisis was given a hefty reality check by German Finance Minister Schaeuble yesterday afternoon. Speaking at Chatham House he baldly stated that ‘we won’t have a solution this weekend’ as part of what appears to be a...
VIEW FULL ARTICLERisk aversion continues to ease as markets look forward to an end of the eurozone debt crisis. The weekend G20 Finance Ministers and Central Bank Governors meeting in Paris looked forward to the outcome of the European Council meeting on October 23rd to ‘decisively address the current challenges through a...
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