Euro dips following Spanish credit rating downgrade

Euro dips following Spanish credit rating downgrade

Following a week in which confidence in the Euro re-bounded, the Euro has come under pressure this morning – as credit rating agent Standard & Poor’s downgrades its Spanish credit rating. There has been good news for people planning to send money to Spain this morning! Following a week in which the euro gained against currencies including sterling it has [...]

Sterling still strong. BoE initiates more quantitative easing

Sterling still strong. BoE initiates more quantitative easing

Sterling remains in a strong position against the euro compared to recent months, following a decision from the Bank of England to initiate another £75bn in quantitative easing. The announcement from the BoE reflects recent weakness in British economic data and a desire to prevent Britain slipping back into recession. For instance earlier this week the Office for National Statistics [...]

Sending money to Spain, will the BoE engage in more quantitative easing?

Sending money to Spain, will the BoE engage in more quantitative easing?

Sterling Is the Bank of England about to begin more quantitative easing? This is the rumour that continues to circulate – following recent reports that BoE committee members Ben Broadbent and David Miles came close to voting for more money printing last month. This week the case for more quantitative easing has strengthened – following reports from the Office for [...]