If you are lucky enough to own a property in France, or only considering one, then it is likely that you are familiar with the very topical French word: “La rentrée” – if not, well, this coincides with the end of the summer holidays.
The Summer is nearly over, kids are back to school and your holidays seem quite distant already, that is what happens when you go back to work doesn’t it?
The pound continues to remain under pressure, as it briefly dipped again this morning, but recovered by lunchtime. Following the weekend, sterling has come out higher against most major currencies, strengthening by 1% versus EUR and USD.
Finding a property is much easier nowadays, it also requires less time according to a French bank as they published the results of their latest survey on the acquisition processes for a main residence.
David Cameron dramatically announced his resignation on the 24th June after a shock vote for Brexit. The Brexit came as a shock for most of us as the remain was predicted on the 23rd June.
The European single currency has maintained its recent strong tone having gained further ground against both the US dollar and British pound over the last week.
Considering the global stock market turmoil of late and the wild swings in the oil price over the last 5 days, you have to say that the European single currency has managed to avoid any major calamity
This week was always only ever going to be about the US Federal Reserve’s interest rate decision and subsequent statement which had been so long anticipated.
The euro started the week with a slight advantage over the weakened US dollar following the previous Friday’s disappointing non-farm payrolls release which saw 142,000 jobs created during September versus an expectation of 200,000 plus.
The Euro managed to stage a small recovery over the last five days in spite of the previous weeks reaffirmation from European Central bank Governor Mario Draghi that the Eurozone’s current woes did warrant further negative revisions to the regions GDP (Gross Domestic Product) forecasts.