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.
Republican politicians all piled into the clown car in the Washington debt circus yesterday by cancelling the scheduled vote in the House of Representatives on raising the debt ceiling. With the Democrat majority in the Senate threatening to veto the House bill hopes of any agreement were always very slim,...
VIEW FULL ARTICLEI was rather surprised watching the BBC News last night cover the Libyan crisis, Afghanistan and the Olympic countdown, but no mention of the looming disaster if America fails to raise its national debt ceiling! Lets be clear, failure to reach an agreement would mean of Tuesday the US would...
VIEW FULL ARTICLEAfter 18 months of wrangling, European leaders have finally agreed to a new 109 billion euro bailout of Greece. The deal reached at an emergency summit in Brussels yesterday, will require private bondholders to share the burden for the first time.
VIEW FULL ARTICLEThe drama surrounding the Murdoch’s and the News International hacking scandal will once again steal the headlines this morning, but don’t let this distract you too much from the intensifying Euro debt crisis. Senior market analysts are clamouring to point out that politicians dragging their heels are threatening to make...
VIEW FULL ARTICLEEuropean bank stress tests were widely criticised on Friday, with one analyst declaring it as bad as the 1979 Irish driving test. In 1979, in an effort to win votes the Irish government declared anyone who had taken their test twice and failed would automatically qualify for a licence –...
VIEW FULL ARTICLEFXstreet.com (Barcelona) - With the market jittery over the risks of contagion, the European financial sector is being put under the spotlight as another round of bank stress tests are to be released this Friday. In particular, the Spanish and Italian banking sectors are of noted importance as they both...
VIEW FULL ARTICLEThe markets are nervously awaiting the release of the European bank stress tests today. In recent months, the European Central Bank (ECB) has been sifting through the books of banks in the euro area to test whether they have sufficient capital to withstand future market shocks.
VIEW FULL ARTICLEThere was mixed news from the UK labour market yesterday with the number claiming jobseekers allowance rising by 24,500, while the ILO measure of unemployment actually fell by 26,000 in the three months to May. Why the difference? Well, one reason was people moving off other more expensive benefits onto...
VIEW FULL ARTICLEYesterdays German factory orders surprising to the upside in May, with a 1.8% increase, which was solely driven by domestic demand, comes as no real surprise. The more worrying data in the reading is that there was a significant drop off in foreign demand, which points towards a continuing soft...
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