The important news yesterday was ECB President Jean-Claude Trichet´s announcement that the ECB would provide unlimited loans to EMU member states until the end of Q1 2011.
This is important because it enables indebted EU nations such as Portugal and Spain to remain solvent for the moment. In the event that bond spreads
This afternoon the President of the European Central Bank Jean-Claude Trichet has told journalists that he intends to offer unlimited loans to members of the EMU until the end of Q1 2011.
This morning the Chartered Institute of Purchase and Supply has released the latest UK construction PMI figures, and they reveal that industry activity and business optimism have increased in the British construction sector.
Could the nosedive in the value of the euro come to a conclusion today?
This morning the economic data group Markit Economics released the latest Property Managers Index figures for the UK, and they revealed strong growth in the British manufacturing sector. The new figures included a 58.0 surge in November based on strong UK exports and job creation.
Here at Pure FX clients frequently ask why they should choose us to make their overseas money transfer. There are lots of currency exchange services available after all, and clients can even make transfers using their high street bank. So what makes Pure FX a better service?
Do relatively solvent nations such as Germany and France want the obligation of shouldering the debt of perhaps six insolvent nations? Do they want to transform the function of the ECB and effectively begin the process of euro zone political union?
Investors increasingly realise that nations including Portugal and Spain face near-identical problems to the Irish, making EU bailouts for these nations look more inevitable.
Here at Pure FX we encounter lots of clients buying property abroad and even emigrating, who’re therefore hoping to get the best euro exchange rates. So we decided to compile a blog post listing our top tips! Simply keep reading to discover some important tips for getting the best euro exchange rates.
The market unease concerning the euro came to a (temporary?) halt this morning following the Irish government’s announcement of the details of its €85 billion bailout package.