News Archive: currency

07, 2012 February:

Spain still reigns for FX but transactions back to the UK rise to nearly a fifth

Whilst Spain remains the most popular destination in terms of volume of currency transactions in 2011, interestingly, the UK takes second place with 18% of transactions according to the latest data compiled by FX specialist, Currency Index.

02, 2012 February:

Australians increasingly looking for buy to let properties in London

As the Australian dollar stays strong, London properties are seen to be a popular investment

30, 2012 January:

Watch: The house that euros built

Ireland’s property may be suffering, but one man has shown that good things can come out of the European crisis: Frank Buckley built a home out of decommissioned euro notes worth €1.4bn as a comment on the deficit caused by the single currency. But according to some brokers, the declining euro could actually be good news for house hunters...

16, 2011 November:

TheMoveChannel.com cuts consumer cost with Currency Index

TheMovechannel.com has launched a new partnership with Currency Index, offering real estate agents marketing services in exchange for recommending clients to the currency broker. The deal will give agents advertising and help buyers to beat high street exchange rates, keeping the cost of their new home down.

07, 2011 November:

Tui prepares Greek hoteliers for possible euro exit

German tour operator Tui has asked hotels in Greece to sign new contracts spelling out how the company will pay its bills if Greece leaves the eurozone and starts using a new currency.

Italy warned by ECB and IMF over reforms

A member of the European Central Bank's governing council has warned it may stop buying Italian debt if the government does not adopt promised financial reforms.

Weak rand moves RSA up on overseas buyers' shopping list

South Africa is returning to the radar of overseas property buyers as the Rand becomes devalued significantly against other countries.

28, 2011 October:

Video: EU leaders reach bailout agreement

A further financial crisis was hopefully averted in Europe as the European Union leaders reached a bailout agreement after a marathon brainstorming session.

27, 2011 October:

Leaders agree eurozone debt deal after late-night talks

European leaders have reached a "three-pronged" agreement described as vital to solve the region's huge debt crisis.

25, 2011 October:

Video: Finance ministers meet to discuss Euro bailout fund

European finance ministers met last Friday, followed by a meeting of ministers from all 27 European Union countries on Saturday.

03, 2011 October:

New accounts for offshore savers and enhanced mobile banking

Offshore savers are set to benefit from a new choice of offshore savings accounts while accessing accounts by mobile is also being made enhanced as two major banks target expats.

22, 2011 September:

Brits going abroad paying too much for currencies

People travelling aboard to visit relatives or going on holiday from the UK are paying too much for their currencies, according to Consumer Focus.

15, 2011 September:

Video: China supports UK against debt crisis

China has pledged support for the UK against the debt crisis, saying that it has confidence in Europe's economy as well as the euro.

23, 2011 August:

Merkel says she’ll resist market pressure on Euro bonds

German Chancellor Angela Merkel attempted to shut the door on common euro-area bonds as a means to solve the debt crisis, saying that she won’t let financial markets dictate policy.

08, 2011 August:

Euro up after ECB intervention

The Euro rose against the dollar this morning, after the European Central Bank (ECB) moved towards an intervention in the turbulent market. The currency saw tensions rise over the weekend, but the European markets were “pulled out of their nosedive” by the ECB’s planned action to support countries such as Spain and Italy.

04, 2011 August:

SNB cuts rates to counter soaring Swiss franc

The Swiss National Bank announced a shock cut in interest rates and threatened more action to cap a soaring Swiss franc, but the impact was expected to be short-lived given the currency's safe-haven appeal amid mounting concerns about global growth.

27, 2011 July:

Dollar declines to record on U.S. deficit deadlock

The dollar fell against all of its most-traded counterparts as politicians struggled to agree on raising the U.S. debt ceiling and reducing its deficit.

26, 2011 July:

Overseas property purchases affected by poor exchange rates

People buying homes overseas could be losing thousands of pounds as a result of poor exchange rates, a new report shows.

25, 2011 July:

Dollar falls on U.S. debt impasse safety bid

The dollar slid toward a record low against the Swiss franc after U.S. lawmakers failed to agree on raising the nation’s $14.3 trillion debt ceiling, boosting the odds of a default as soon as next week.

18, 2011 July:

Euro, stocks decline on European crisis concerns

The euro dropped the most in a week against the dollar, Italian and Spanish bonds slumped, while shares slid on concern Europe’s debt crisis is worsening.

12, 2011 July:

Euro tumbles to 7-week low on heightened European debt concern

The euro tumbled to a seven-week low against the dollar and slid versus the yen as rising Italian bond yields stoked concern Europe’s sovereign-debt crisis in deepening.

06, 2011 July:

Developer acquittal spurs renewed investor interest in Egypt

With the downfall of the Mubarak government, many Egyptian property investors were running scared, as troubled developers looked on the verge of collapse after prosecution for corruption. With the acquittal of major firms like Palm Hills, as well as former housing minister Ahmed Maghrabi, the buzz is back in the market, reports Egyptian newspaper Al-Ahram.

Euro drops as Moody’s cuts Portugal debt to junk

The euro fell for the first time in seven days against the dollar after Moody’s Investors Service cut Portugal’s government bond rating to junk and said banks rolling over Greek bonds may incur impairment charges.

01, 2011 July:

Euro rises to three-week high versus dollar on Greek debt, ECB

The euro touched the highest in almost three weeks against the dollar on prospects the European Central Bank will increase interest rates next week to curb inflation and as European ministers are set to approve the next aid payment due to Greece.

27, 2011 June:

Euro recovers, sterling falls after renewed EU confidence

Whilst the continuing dovish stance of the Bank of England had a downward effect on the sterling's value, the movement of the Fed into more hawkish policies combined with the survival of the Greek government in last week's no confidence vote served to strengthen the dollar and the euro.

01, 2011 June:

Fitch Confirms France’s AAA Rating, Warns Over Growing Debt

Fitch Ratings confirmed its top AAA ratings on France’s euro and foreign-currency borrowing and said its outlook is “stable,” while warning that the government needs to control the growth of its debt.

31, 2011 May:

New Zealand dollar climbs to record as confidence rises

The New Zealand dollar climbed to a record on speculation the central bank will raise interest rates after a report showed business confidence increased to a 12-month high in May.

27, 2011 May:

The US dollar could be almost dead in 15 years

This week, the World Bank published a report predicting the demise of the US dollar as the major reserve currency by 2025. The transition will be driven by emerging market growth rates of 4.7% a year, compared to only 2.3% for developed countries.

Dollar and euro both suffer currency falls

The dollar dropped against most major peers as the economy grew less than forecast and jobless claims unexpectedly rose, adding to speculation the Federal Reserve will lag behind other central banks in raising interest rates.

25, 2011 May:

Yen falls against European currencies

The Japanese currency is losing ground on Tuesday and has erased yesterday’s gains versus European currencies.

24, 2011 May:

Euro slides to new low against the dollar

Euro hits 2-month low of $1.3968, record low vs franc.

09, 2011 May:

Pound falls, Euro holds value as interest rate decisions postponed

A shortened trading week in the United Kingdom as well as the main focus for analysts being on the Bank of England and European Central Bank rate decisions gave rise to range trading dominating the market for the early part of last week.

03, 2011 May:

Sharm El Sheikh buyers relishing low Egyptian pound

Where many might shy away, the most savvy property investors are looking towards Egypt in light of the recent crisis to purchase Sharm el Sheikh property.

01, 2011 April:

Brazilian Real falls thanks to government intervention

The Brazilian central bank intervened five times yesterday to keep the value of its national currency under control, with the Real finally seeing an 0.2% fall from three-year highs.

14, 2011 February:

Pound weakens on Bank of England rate decision

Mortgage firm Baydonhill's latest foreign exchange report indicates a declining sterling, as investors lose hope in a potential interest rate rise.

25, 2011 January:

Euro looks strong as rescue bonds go to market

The single currency reached two-month highs as investors prepared to bid on bonds for the much-lauded rescue fund.

24, 2011 January:

Pound weakens as prospects for euro improve

As traders were reassured by German comments regarding the euro safety net, the pound looked competitively weak in a slew of bad inflation and unemployment news for Britain.

20, 2011 January:

Dollar hits new low amidst unemployment speculation

The US dollar dropped to its lowest value in eight weeks as traders speculated on the outcome of the latest unemployment and home sales figures.

13, 2011 January:

Chinese yuan notes in short supply on domestic market

In the wake of continuing claims of undervaluing, China's shortage of its own currency on the domestic market continues.

10, 2011 January:

Euro hits three-month low

The single currency traded at a three-month low today amidst fears individual nations will struggle to raise funds.

Plummeting pound prompts holiday home sales

The sterling's recent volatility has led many holiday homeowners to think about selling up.

20, 2010 December:

Corporate foreign exchange news

Initially on the back foot at the beginning of the week the dollar appreciated for the remainder to close near its weekly highs versus the pound and the euro...

15, 2010 December:

Risky bet on $3.9bn Vegas casino

Amid a crushing recession that has left unfinished casino and condo projects stalled in Las Vegas and across the region, opening a new resort complex here seems a decidedly risky bet...

13, 2010 December:

Corporate foreign exchange news

Bond markets and events in the global political arena took centre stage this week and dictated currency market trends...

12, 2010 December:

Weak sterling forces expat pensioners home

Many UK pensioners are being forced to abandon their dream of retiring abroad because of the weakness of sterling, research has indicated...

29, 2010 November:

Corporate foreign exchange news

A strong drive to risk aversion dominated markets this week and pushed the dollar to a 2 month high against the euro and the pound...

24, 2010 November:

Overseas homeowners wary of sending money abroad

New research from Post Office International Payments has revealed that 40 per cent of overseas property owners admit they have needed to pay for unexpected maintenance costs they did not budget for...

21, 2010 November:

Corporate foreign exchange news

Risk aversion and global imbalances supported the dollar as fear over sovereign debt, quantitative easing and ‘currency wars' pushed investors to seek safety in the U.S. dollar...

08, 2010 November:

Corporate foreign exchange news

Events in the United States dominated markets last week as economists analysed the results of the U.S. mid-term elections and prepared for monetary policy meeting results from the Federal Reserve Bank, Bank of England and the European Central Bank...

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