Wednesday 10 October 2012
Foreign Exchange Midweek Market Update
Range of the week: 1.2505 – 1.2328
Variance of the week on £10k = €177
With nothing major in terms of data, and no major scare stories coming out of either the Euro-Zone, or the UK for that matter, the Euro has continued to strengthen back against the pound since last week’s update, although the pound has regained a little ground this morning.
Longer term, at their annual meeting in Tokyo, the International Monetary Fund has urged Eurozone leaders to act swiftly in response to the debt crisis in Greece and Spain, or risk dragging down the global economy with another financial crisis.
Subscribe to:
Post Comments (Atom)
-
The skyscrapers keep getting higher in Benidorm and three years from now, the highest residential block in Europe will be finished. After... -
The presents have been opened, the waistlines expanded, the bells jingled. But there’s a long weekend yet before 2024 begins, and then we ha... -
Click the photo if you like the view! Managing your non-resident taxes in Spain can be a complex task. Your annual tax return for properti...
No comments:
Post a Comment