Tag Archives: Spain
Spain on the Verge of Full Blown Bailout
GBP The Pound reached new highs against the Euro on Friday (it’s highest since October 2008) as worries about Spain fuelled the flight to a safer haven. Despite a string of poor data releases for the UK last week and still technically being in recession, investors are still choosing the Pound over the Euro, mainly […]
GBP EUR USD Outlook for Today and Yesterdays Trading
GBP The Bank of England minutes indicated we are very close to more QE in the UK with a 5-4 split in favour of leaving it on hold this month, but could be reintroduced as early as next month with one more member of the MPC voting in its favor. QE dilutes the currency in […]
Daily Newspaper Currency Exchange Rates Comparison
Above I have highlighted where the paper believes an individual should achieve as an exchange rate. Many people use the paper to follow what they can achieve from the current currency market conditions. The mid-market rate is not achievable by an individual but when moving a larger sum (£200,000 for eg) you would hope to get closer […]
Bailout not a Bailout – Spanish Banks Get €100bn
So this weekend we have been splattered with news that the Spanish Bank cash injection or ‘Bailout’ is a resounding success for the Eurozone. President Rajoy of Spain hailed it a ‘Victory’, but I am not convinced. Brief respite perhaps, but the emergency loan is just shifting the debt from one place to another but with more question […]
