David Cameron dramatically announced his resignation this morning after a shock vote for Brexit.
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.
Things in Euroland have moved on a long way from the precarious situation in early July. Greece’s government has apologised to Brussels for messing around, the parliament in Athens has approved reform measures unthinkable a couple of months ago and a new bailout has been agreed, all bar the dotting of a few Is and […]
When buying a property in France, it’s important to keep in mind that the value of the property is likely to increase with time, resulting in a capital gain.
Since the euro’s rebound in mid-March it has been looking reasonably chipper. In April it was in the leading group of major currencies, strengthening by five eighths of a cent against sterling and the Australian dollar and taking four and a quarter cents off the back marker, the US dollar.
Since reforms taken by the French government in 2012 in regards to capital gains tax, France has been seen by international property investors as being not tax friendly in comparison with the UK.