euro weekly
July 8th, 2009
Downward revision to Q1 growth scares investors. Sterling/euro looks vulnerable in the short term. A rally at the beginning of the week was followed by an even sharper return to base on Tuesday After only a little hesitation the pound embarked on a downward path that saw it test €1.16 twice. ...
Continue reading Euro Weekly Update: July 8th 2009
June 30th, 2009
Sterling wobbles after hitting seven-month trade-weighted high. Bundesbank's Weber sees no room for further euro rate cuts. A three cent range kept sterling comfortably between €1.16 and €1.19. It opened in London this morning at €1.1750, a cent down on the week. The week began with another line-up of international bodies moping ...
Continue reading Euro Weekly Update: June 30th 2009
June 24th, 2009
The pound managed to add a cent over the week but made heavy weather of it. Having risen to €1.1850 on Tuesday it was down almost to €1.16 by Thursday. It recovered quite easily and when London opened this morning it was back up to €1.1850. Underlying sterling's resilience last week ...
Continue reading Euro Weekly Update: June 24th 2009
June 17th, 2009
Strong performance by Sterling - UK industrial production rises in April - G8 endorses dollar as reserve currency - Euroland industrial production continues to fall. The pound powered ahead from last Monday's €1.14 opening. It paused at €1.16 on Tuesday before proceeding up to €1.1750, where it opened in London this ...
Continue reading Moneycorp: Euro Weekly Update
June 16th, 2009
After last week's flurry of positivity, I was half-expecting to produce a newsletter from the flip-side this week - one full of doom and gloom. While there are some somber articles, yet again we find more reasons to be cheerful about Spain and its property market.First off, the Moneycorp Euro ...
Continue reading Spanish Property News Roundup
June 10th, 2009
Sterling hit by charts and politics: Technical resistance and Downing Street unrest took their toll on sterling despite decent economic data. The euro advanced by default rather than by design.A promising start to the week took sterling up from €1.15 on Monday morning to a high of €1.1650 on Wednesday, ...
Continue reading Moneycorp: Euro Weekly Update
May 28th, 2009
The week's economic statistics had little effect on sterling. One rating agency warns that gilts might lose their AAA status; the other two agencies disagree. German investors and businessmen are optimistic but unhappy.It did look backwards several times but last Monday's €1.1250 starting point turned out to be the week's ...
Continue reading Moneycorp: Euro Weekly Update
May 21st, 2009
UK data give no cause for new concern; Bank of England cautious about recovery; Euro torpedoed, eventually, by weak first quarter GDP data.It took a while to gain traction but the pound got its act together in the second half of the week. It came near to €1.1250 late on ...
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May 19th, 2009
This week, a lot of economic data hit the news. If you have the time (and patience), I recommend reading the full article which we've summarised in ECB Buys into Spanish Property.The focus of this article is the ECB investment in €60B of cédulas hipotecarias - the covered bonds ...
Continue reading Euro Quantitatively Eased
May 13th, 2009
Sterling hurt by renewed gilt buy-backs; Monetary policy continues to relax; UK purchasing managers are more upbeat than most; US banks are not going bust just yet; Euro rates are lower and the ECB is buying Covered Bonds.A game of two halves saw sterling climb to €1.14 on Wednesday before ...
Continue reading Moneycorp: Euro Weekly Update
May 7th, 2009
The previous week's problems have been superseded by swine flu. UK purchasing managers are more positive than most. Euro interest rates are likely to go down to 1% this week; sterling base rates should remain at 0.5% Sterling opened last Monday at €1.1050 and spent the rest of the week at ...
Continue reading Moneycorp: Euro Weekly Update
April 30th, 2009
Higher borrowing and higher taxes weigh on sterling. Investors nervous about Britain's AAA credit rating. Euro keeps a low profile. Sterling gave back the previous week's gains, falling from €1.13 to €1.1050. A brief spike to €1.1350 on Tuesday was easily reversed. On Friday the pound had a serious look at ...
Continue reading Moneycorp: Euro Weekly Update
June 8th, 2006
IN a swoop on what police are describing as a ‘massive’ timeshare scam, eight people have been arrested in various parts of Andalucia, four South Africans and four British men. Belgian and Norwegian nationals are also believed to have been detained.The early estimates are that as many as 15,000 members ...
Continue reading Timeshare Scam is Exposed
April 28th, 2006
YOUNG people in Spain are planning a mass sit-down to complain about property prices. Fixed for 5pm on Sunday, May 14, the demonstration will affect every town in the country. As one young internet agitator put it: “All we want is a home fit to live in, where we can ...
Continue reading Sit down for Housing
February 8th, 2006
A HOTEL that was being built on natural parkland is set to be demolished by the Ministry of the Environment despite Carboneras Council’s objections.The fiasco came about after the council granted permission for the building of a hotel by the company, Azata del Sol, on El Agarrobico beach in Carboneras. ...
Continue reading Hotel Fiasco
