The dollar has fallen to a record low against the euro as traders bet that further interest rate cuts will be needed to stem a
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Wednesday, February 27
Dollar falls to record euro low
by
bewarethesharks
on Wed 27 Feb 2008 16:42 GMT
Thursday, January 24
Trichet talks down rate cut hopes
by
bewarethesharks
on Thu 24 Jan 2008 15:57 GMT
European Central Bank (ECB) chief Jean-Claude Trichet has talked down the chances of a European rate cut. The However, in a ... more » Tuesday, December 18
ECB pumps in extra €170bn
by
bewarethesharks
on Tue 18 Dec 2007 12:27 GMT
Emergency help for financial markets has entered new territory with the European Central Bank pumping-in almost €170bn extra liquidity at below market interest rates in a special operation to head off a year-end liquidity crisis. The surprise move, which followed last week’s co-ordinated barrage of measures by the world’s ... more » Friday, November 9
Play the currency game to pay your mortgage
by
bewarethesharks
on Fri 09 Nov 2007 15:53 GMT
If you had put a £1m mortgage into US dollars at the start of the year and left it without making a single payment, then thanks to the falling dollar that mortgage would have decreased in value by more than £70,000. Such is the beauty of foreign currency mortgages, ... more » Wednesday, October 31
Sterling blasts through $2.07 against dollar
by
bewarethesharks
on Wed 31 Oct 2007 12:23 GMT
Sterling surged to a fresh 26-year high above $2.07 against the dollar and advanced across the board on Wednesday after a survey showed UK house prices rose at their highest pace this year in October. The pound rose 0.3 per cent to $2.0743 against the dollar, its strogest level ... more » Friday, July 20
Annual Property Investment Conference to be held in London
by
bewarethesharks
on Fri 20 Jul 2007 13:23 BST
Jet to Let Magazine’s Annual Property Investment Conference will be held on Saturday 8th September 2007, at The Hilton Attendance to the inaugural conference is open to anyone, and is aimed at investors wanting to take advantage of the strong returns available from well-targeted overseas property investments. ... more » Friday, July 13
Bank of Japan votes against interest rate rise
by
bewarethesharks
on Fri 13 Jul 2007 08:29 BST
The Bank of Japan on Thursday voted 8-1 to leave interest rates unchanged. Analysts were divided as to whether the vote meant the bank was less likely to lift rates to 0.75 per cent at its next meeting in August. Bond and currency markets barely budged after the meeting while ... more » Thursday, July 12
Dollar falls again amid growing US fears
by
bewarethesharks
on Thu 12 Jul 2007 17:25 BST
The dollar remained under strong pressure on the foreign exchange markets last night as fresh concerns were raised about the vulnerability of Wall Street to the crumbling American housing market.
Yen slips after BoJ holds rates
by
bewarethesharks
on Thu 12 Jul 2007 12:16 BST
The yen struggled on Thursday after the Bank of Japan voted 8-1 in favour of leaving interest rates on hold at 0.5 per cent. That only one member of the rate-setting committee voted for a 25 basis points increase came as a surprise, and raised doubts over widely-held expectations of ... more » Wednesday, May 16
Cyprus and Malta get euro boost
by
bewarethesharks
on Wed 16 May 2007 17:18 BST
Cyprus and Malta look set to be the next EU members to adopt the euro after their applications cleared the first major hurdle. Their bids to join the single currency next year were backed by the European Commission and European Central Bank. They will become the 14th and 15th members ... more » Wednesday, April 18
Pound reaches 26-year dollar high
by
bewarethesharks
on Wed 18 Apr 2007 16:44 BST
Sterling has continued to climb against the US dollar, moving above $2.01, the highest rate since June 1981. Tuesday, April 17
Sterling moves in on key $2 mark
by
bewarethesharks
on Tue 17 Apr 2007 12:52 BST
Sterling today moved closer to the $2 mark as it hit its highest level against the dollar since September 1992. Sterling closed in on the key figure after strong producer prices and housing data intimated that the expected interest rates rise is imminent. Following the Group of Seven meeting at ... more » Monday, March 26
Fed's shift on tightening bias puts pressure on slipping yen
by
bewarethesharks
on Mon 26 Mar 2007 16:52 BST
The yen came under pressure this week as the Federal Reserve softened its tightening bias in the statement that accompanied its decision to leave US interest rates on hold at 5.25 per cent. Equities rallied sharply after the announcement on Wednesday as investors took the view that the Fed seemed ... more » Monday, February 12
FREE groundbreaking property investment magazine
by
bewarethesharks
on Mon 12 Feb 2007 11:31 GMT
Sign-up today for a new, FREE groundbreaking property investment magazine: "Expert opinion, comment and analysis from property industry insiders brought straight to your door." http://www.jet-to-let-magazine.com more » Monday, January 22
Yen loses ground as Bank of Japan keeps interest rates on hold
by
bewarethesharks
on Mon 22 Jan 2007 09:00 GMT
The yen lost ground across the board this week amid the fallout from the Bank of Japan's decision to keep interest rates on hold at 0.25 per cent on Thursday. Analysts said the decision fuelled investor appetite for carry trades, in which investors fund positions in high-yielding currencies by selling ... more » Tuesday, January 16
Sterling at 8 year high against Yen and 2.5 year high against Euro
by
bewarethesharks
on Tue 16 Jan 2007 10:01 GMT
Sterling advanced yesterday, extending its gains after last week's surprise interest rate rise by the Bank of England. The pound rose to an eight-year high against the yen and a two-and-a-half year peak against the euro as data showed UK output prices rose 0.2 per cent in December, the highest ... more » Thursday, January 11
Bank of England raise interest rates to 5.25%
by
bewarethesharks
on Thu 11 Jan 2007 12:30 GMT
Interest rates hit their highest in more than 5½ years on Thursday as the Bank of England surprised the City by raising the cost of borrowing to 5.25 per cent. The quarter of a percentage point increase wrong-footed analysts, most of whom had expected the Bank's monetary policy committee to ... more » Wednesday, December 6
ECB warns euro hopefuls
by
bewarethesharks
on Wed 06 Dec 2006 09:51 GMT
European countries supposedly aiming to join the euro currency bloc were warned on Tuesday that they had to increase efforts to meet the membership criteria. Progress reports issued by the European Central Bank and European Commission highlighted the patchy performance by nine countries formally committed to joining the euro. "Many ... more » Thursday, November 30
Sterling hits 14-year high against dollar
by
bewarethesharks
on Thu 30 Nov 2006 10:55 GMT
Sterling hit its strongest level against the dollar in 14 years on Thursday as traders continued to put pressure on the beleaguered US currency. The pound traded as high as $1.9580 against the dollar, its highest level against the greenback since its ejection from the European Exchange Rate Mechanism in ... more » Tuesday, October 31
Sterling hits a high against the Euro
by
bewarethesharks
on Tue 31 Oct 2006 10:13 GMT
Robust UK housing datapropelled sterling to a 15-month peak against the euro yesterday. Already on the front foot after data from Hometrack, a property website, showed UK house prices rising at their fastest pace for two years in October, the pound extended its gains after the Bank of England said ... more » Tuesday, October 17
UK inflation figures boost sterling
by
bewarethesharks
on Tue 17 Oct 2006 11:49 BST
The pound jumped to one-week high against the dollar and climbed against the euro on Tuesday after Official data showed that consumer prices rose 2.4 per cent in the year ... more » Monday, October 2
Market Preview: ECB expected to raise rates this week
by
bewarethesharks
on Mon 02 Oct 2006 08:00 BST
The latest interest rate decisions by the Bank of England and the European Central Bank, due on Thursday, provide the central events of interest this week but there will be plenty of economic data for investors to absorb. The ECB is widely expected to raise eurozone rates to 3.25 per ... more » Friday, September 22
Jet to Let joy as sterling hits a 2 year high
by
bewarethesharks
on Fri 22 Sep 2006 10:46 BST
Sterling hit a two-year high against currencies of major trading partners and a 15-month peak versus the euro, buoyed by expectations the Bank of England would raise interest rates in November, but may be due for a correction if it does not manage to break 1.9040 against the dollar. Recent ... more »
Thursday, September 21
More Jet to Let buyers opt for local lenders
by
bewarethesharks
on Thu 21 Sep 2006 10:18 BST
A growing number of overseas property buyers are financing purchases with local currency mortgages, writes Sharlene Goff in London. Lenders' criteria have been relaxed in relation to the established markets such as France, Spain and Italy, although obtaining finance in areas such as Bulgaria and Turkey is still quite tough.... more » Sunday, August 6
Sterling to assault the $2 dollar mark
by
bewarethesharks
on Sun 06 Aug 2006 23:07 BST
Sterling stole the headlines in the currency market this week, surging 1.7 per cent to a 16-month high in trade-weighted terms after a surprise UK rate rise. Some even saw the pound as primed for an assault on the near-mythical $2 mark, a level last reached in September 1992 prior ... more » Wednesday, July 26
The longtime legendary appeal of Swiss franc loses its legs
by
bewarethesharks
on Wed 26 Jul 2006 23:15 BST
With conflict raging in the Middle East, it might have been expected that the Swiss franc would benefit from its legendary safe haven status. But the Swissie has remained weak as it has been much of this year. The franc on Wednesday was hovering close to the near-eight year low ... more » Wednesday, July 19
Sterling extends gains despite neutral MPC
by
bewarethesharks
on Wed 19 Jul 2006 15:44 BST
Sterling continued to strengthen in European morning trade on Wednesday despite signs that the Bank of England was in no hurry to raise UK interest rates. The minutes of the Bank's monetary policy committee's July meeting showed all seven members voted to keep rates on hold at 4.5 per cent. ... more » |
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