Uncertainty in Euroland, but Britain’s GDP on the rise

On 27 August the Office for National Statistics published its first revision to the performance of Britain’s gross domestic product (GDP) for the second quarter of the year. The initial estimate of 1.1% growth had looked pretty good.

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The pound and the euro back on track

During most of the first half of 2010 the cut and thrust of sterling against the euro had a political origin of one sort or another. It was also sterling that did most of the cutting and thrusting:

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Going overseas for a first buy

.According to foreign exchange and international money transfer specialist Moneycorp, prospects are poor for the British real estate market, as 25% of potential first-time buyers

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Confidence in sterling is on the up after the budget

If the advent of a coalition government has brought a sea of change for British politics it has also brought one for the pound.

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An exceedingly well hung government

Sterling still in limbo after indecisive election.  US stock market volatility spreads to currencies.  Latest EU rescue package broadens the safety net beyond Greece and allegedly wins German support.

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February Currency update

Sterling’s year got off to less of a bang than that which attended 2009’s new-year party. Instead of picking up ten cents in the first ten days, as it did a year earlier, it was not until almost two weeks into January that the pound began to build up steam.

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November currency update

Having spent the previous month heading south the pound continued lower during the first half of October. 

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Sterling up broadly

As predicted, the pound has strengthened over the last few weeks – it is now more than 10 percent higher than it was at the start of the year. Combined with low interest rates and the slower property market here in France, that means it now is a really good time to buy in France!

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