Expat Forum For People Moving Overseas And Living Abroad banner

1 - 1 of 1 Posts

·
Banned
Joined
·
534 Posts
Discussion Starter · #1 ·
Hi All,

As promised here’s a brief update on what’s been happening with the Euro over the last week.

Surprisingly the chokehold on Europe has been loosened despite the lack of detail on the Greek bail-out plan. We don’t think the market can remain ignorant for too long without fall-out. It was also highlighted that Italy has now moved to the top of the list of European economies facing a crisis should a Greek bailout package not be agreed and implemented. In any case the EUR remains vulnerable as highlighted by the fresh sub 1.3500 low against the USD. After a disappointing German ZEW survey the market will look for a more upbeat IFO and EU sentiment surveys. Consumer sentiment is likely to be softer.



GBP/EUR Movement – High’s & Low’s of last week (22/02/10 – 26/02/10)

High’s:1.1429
Low’s: 1.1145

A movement of: 2.55%

Difference on £200k

High:228,580Euros
Low:222,900 Euros

Difference of:5,690Euros

Whilst FX isn't the most thrilling of subjects, the sooner you begin to think about your money transfers, the more likely you are to make your money go further.

A further update will be added next week.

Regards,





Mark Bodega
Director
 
1 - 1 of 1 Posts
Top