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.
A spokesman from Fitch called on the ECB to make greater efforts to limit bond yields in stressed countries and to allow the EFSF to operate as a bank. Their view is that while a collapse of the Euro is unlikely, it still remains possible and would be “cataclysmic”.
VIEW FULL ARTICLEFutures contracts show European bourses opening higher this morning, but we suspect that confidence is fragile after Asian markets sold-off overnight. Markets are ignoring much better than expected US data to concentrate on the ongoing Eurozone sovereign debt crisis.
VIEW FULL ARTICLEPayrolls Friday leaves markets twisting to event risk this afternoon, even though the prognosis is for a better than expected outturn. Asian markets sold-off overnight, but European bourses have opened higher this morning, presumably on the hope that the Sarkozy-Monti meeting in Paris today will see further progress on the...
VIEW FULL ARTICLEAs markets return from the New Year break, event risk once again dominates with the IMF stating that they are not currently discussing an aid package with Hungary after the government pulled yesterday’s bond auction. With the French government due to issue €8 billion of debt this morning, equity markets...
VIEW FULL ARTICLEThe UK housing market enters the new year in a sombre mood after the Nationwide Building Society reported that the average cost of a home fell 0.2% in December, the first monthly drop since August. The report states that prices may decline further in 2012 as the economic crisis in...
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