European union exchange rate

Currency Buying: What Moves the Exchange Rates?

The foreign exchange market is one of the most volatile global markets. Open 24/7 exchange rates fluctuate by the second. Some movements might appear insignificant, moving from 1.1450 to 1.1430 might not pose much of a risk. But some fluctuations

One pound

Property Market Opens with the Pound under Pressure

After a pause of more than two months, the property world is starting to show signs of life again as lockdown restrictions begin to ease on both sides of the channel. Good news for those who have been sitting patiently,

Euro

Currency Update: Euro Under Pressure

After much haggling, last week EU finance ministers managed to reach an agreement on financial support. The €500 billion relief package is for European countries hit hardest by the tragic Covid-19 pandemic, such as Italy and Spain. The plan involves

Euros

Planning Your Transaction in These Uncertain Times

The CV19 crisis has left thousands of overseas property transactions in standby. Notaires and Estate agents are closed or working only in specific and urgent transactions. You might have found the property of your dreams in France but now you

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Uncertain times for Foreign Exchange Market

The entire world is ramping up efforts to control the Covid-19 pandemic, and while the toll on people’s lives is immeasurable, there is also huge economic uncertainty. Coronavirus is having a profound effect on the markets, an impact that we

dollar currency update

A Strong Lead – Dollar Update

The dollar was by far the week’s strongest performer, rising an average of 4.8% against the other major currencies To a great extent the rush for the dollar is a reflection of the huge uncertainty posed by the pandemic. Despite

Optimism is Shortlived – Euro Update

The euro started the week relatively well as investors considered it might be a safe haven, but retreated as the days passed. EU finance ministers pledged to take action, but the meeting did not yield any concrete steps and the

Rate Alert: Sterling’s growth continues

  The pound continues to make steady gains against the euro as Italy’s budget dilemma continues after the EU revealed its plans to increase spending, adding to its already massive debt pile of some 130% of the GDP. The pound’s

Euro / Dollar update

US Dollar Update: June 2017

During most of March the euro had the upper hand. In the first three and a half weeks it strengthened by more than two and a half US cents, touching a four month high. Then, for no compelling reason, investors decided it had gone far enough. They knocked the euro back, halving its net monthly gain to a cent and a quarter, still worth having but not exactly stellar. The about-turn doubtless related to technical factors: it coincided with the level from which the euro had rebounded in June last year.

Euro Update: June 2017

It was a classic “game of two halves” for the euro against the pound. For the first half of March the euro was in the ascendency and sterling was on the retreat; during the second the roles were reversed. The net result was a quarter-cent victory for the pound but the outcome was close and could very easily have gone the other way with a different referee.