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February’s currency update: €/£ still above 1.30

It was a bad month for the euro but not the disastrous one it could have been. The single currency lost six and a quarter cents to the US dollar and was down by five and a quarter cents against sterling.

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More price reductions expected for the French housing market

According to professionals, this year’s old dwelling prices in France should continue to slowly reduce, after three consecutive years of decrease. The reduction in property prices is definitely an ongoing phenomenon throughout the French territory.

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January’s currency update: €/£ reached 1.30

It was quite a week for the euro. The single currency was already on the back foot last Friday and it lost further ground this week. It was the weakest performer among the major currencies, losing one and three quarter US cents and falling by two and a half cents against sterling.

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December currency update

The story in October was similar to the previous month’s, at least as far as the euro, the pound and the US dollar were concerned.  The dollar led the way, strengthening by a cent and a half against sterling and the euro and the pound added half a euro cent.

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At last, some good news: new French tax rises…

It cannot be denied that French President, François Hollande, is prone to a few gaffes, not unlike our own centre-left Prime Ministerial hopeful, Ed Miliband. Most recent faux pas: in a televised interview last week, François Hollande pledged that he would not raise taxes for the remaining two and a half years of his Presidential term, so far, so good

Posted on November 14th, 2014 | Permanent link | 3 Comments »
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November currency update

The euro started well enough but finished badly. The net result was a loss of two and a quarter US cents to the week’s top performer and a cent and a quarter to sterling.

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October currency update

Another month of slow decay took the euro to a two-year low against the US dollar and to within a millimetre of a six-year low against sterling. In September as a whole the euro lost two cents to sterling and fell nearly five US cents.

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French mortgage interest rates reach new low

Interest rates have fallen by 38 basis points from the beginning of the year, for the new-build housing market (2.67 % now compared to 3.08 % in December 2013), the existing housing market (2.69 % now and 3.08 % in December) and also the renovation work market (2.73 % and 3.12 % in December). This is the first time since the late 1940s taht mortgage interest rates have reached (and stayed at) such low levels.

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September’s currency update

The decision was not unanimous but on Thursday the European Central Bank’s Governing Council voted to relax monetary policy further by cutting interest rates and buying asset-back securities (packages of mortgages and other loans).

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French mortgage interest rates reach new low

Interest rates have fallen by 38 basis points from the beginning of the year, for the new-build housing market (2.67 % now compared to 3.08 % in December 2013), the existing housing market (2.69 % now and 3.08 % in December) and also the renovation work market (2.73 % and 3.12 % in December). This is the first time since the late 1940s taht mortgage interest rates have reached (and stayed at) such low levels.

(2.67 % now compared to 3.08 % in December 2013), the existing housing market (2.69 % now and 3.08 % in December) and also the renovation work market (2.73 % and 3.12 % in December).