Dec 122012
 
Euro slides as ECB considers interest rate cut

Welcome to my account of the latest changes in the euro exchange rate, covering the 5th to 12th December 2012. This is meant as a brief guide to movements in the euro this week, to put you in the best position for when you exchange currencies. Down with the euro, at last! If you plan to transfer money to Spain, there as a bit of good luck for you this week, as the euro fell […]

Dec 052012
 
Euro hits six week high as Spain’s banks bailed out

Welcome to the Pure FX account of the latest changes in the euro exchange rate, covering the 28th November to 5th December 2012. This is meant as a brief guide to movements in the euro this week, to put you in the best position for when you exchange currencies. The euro’s run of good luck extended for a fourth week this week, taking the common currency to its highest point against the pound and US […]

Jun 122012
 
Euro wobbles as Spain receives €100bn bailout

Here is my latest update of the euro exchange rate, covering the 5th to 12th June 2012. This is intended as a brief guide to what’s affected the exchange rate this past week, to help you decide if now’s the best time for you to transfer money to Spain. So it happened! Spain at long last buckled before market pressure this week, and requested a €100 billion bailout from the EU to support its banks. […]

Jun 022012
 
Spain’s crisis, a unique view from an Anglo/Spaniard

As ever, Nick is spot on (Spain to leave the Eurozone or accept a bailout?) and the analogy between town halls and Cajas is apt – in fact, local politicians ran the Cajas so they are all in it together (I heard yesterday that the Deputy Mayor of Coin – 20,000 people had raised his salary to €5,000 a month!). What is truly amazing to me is that it has taken this long for the […]

Jun 012012
 
Spain to leave the Eurozone or accept a bailout?

“Nobody wants to be like Spain now. Spain is only good for flamenco and red wine!” So (notoriously), stated Richard A. Boucher, the deputy secretary general of the Organisation of Economic Cooperation and Development (OECD).  This was a few weeks ago and he was forced to retract his statement.  However, I suspect that the world markets will now be heartily approving of what Bocher said. Certainly, the past week has seen Spain take a hammering.  […]

May 292012
 
How to buy Spanish property and move to Spain – safely!

  I am delighted to say that my book ‘How to Buy Spanish Property and Move to Spain – Safely!’ is now finally available on Kindle. The book has been very well reviewed, as you can see, by a whole series of professionals, all of whom know Spain intimately:  “…really informative and up to date…” Liz Rowlinson, A Place in the Sun “…required reading…”     Martin Dell, Kyero.com “…it’s like the “moving to Spain Bible…”     Justin Aldridge, EyeonSpain.com “…invaluable…”     Jack […]

May 232012
 
Spain and Greece: peas in a pod?

GBP fell more than 1.5% against the euro to just 1.235 this week, as concerns about the consequences of Greece leaving the euro for the UK hit the headlines. However, the real problem is the sudden intermingling of Greece’s fate with Spain’s banking crisis. Here is my latest update of the British pound to euro exchange rate, covering the 16th to 22th May 2012. This is intended as a brief guide to what’s affected the […]

May 182012
 
The Spanish banking crisis and the Indignados

So, it appears that there may be a ‘run’ on Bankia, Spain’s fourth largest bank – which has just been part nationalized by the Spanish state.  This ‘run’ is being denied, predictably, by the government and the bank itself.  Indeed, it may well be that people are not withdrawing their money as fast as they can from Bankia.  However, the ‘rumour’ is dangerous and likely to end up being true, as people react to what […]

May 152012
 
Spain’s banking sector on the brink

The pound has hit 1.25 against the euro this past week, its highest rate since Oct 2008, as Spain struggles to get to grips with its banking sector and Greece contemplates a euro exit. So what next for the continent in crisis, and the exchange rate? Here is my latest update of the British pound to euro exchange rate, covering the 8th to 15th May 2012. This is intended as a brief guide to what’s […]

Apr 292012
 
Banking in Spain

If you are thinking of banking in Spain then, in principle, you are spoilt for choice – or are you? There are dozens of banks in Spain including a number of savings banks in Spain called Cajas or Caixas.  The latter are often regional and some have very few branches. Spanish banks vary in terms of their exposure to the effects of the economic crisis in Spain.  Some are secure and others less so – […]

Apr 152012
 
QROPS, making the best of your pension in Spain

One of the oddities of pensions is how little Britons tend to know about them – including where the pension is held, its value and what to do to maximise its effectiveness. There is a saying in the pension industry that ignorance about a pension is much like ‘owning a house but not knowing where it is and how much it is worth’… In fact, there can be considerable benefits to moving abroad if you […]

Feb 232012
 
Crisis in Spain, two different faces of Spain within just a few days

I have just been sent a wonderful YouTube film of a demonstration in Barcelona about the crisis in Spain.  It is wonderful (breath-taking really) and shows the best side of Spain and the culture of Spain. The demonstration is set within an office of la Caixa, one of the biggest banks in Spain, and revolves around a by-line stating that ‘it is not a crisis – it is capitalism’. Do watch the film (it is […]