Business & Finance

New Letting Laws offer tenants a far better deal

By Mariano Zunino THE main changes to the Letting Laws, active since last month, should be regarded as a series of urgent measures in the housing and rental sector. Longer letting Agreements The Letting Contract Law 29/1994, amended in December, introduced the following modifications that affect rental contracts: The obligatory extension period for housing leases […]

Possible Brexit delay has boosted sterling

BREXIT continues to dominate the pound this year, with sterling climbing on the back of some positive developments. This saw GBP/EUR rise from 1.10 euros to 1.12, while EUR/GBP has fallen from £0.90 to £0.89. Meanwhile, GBP/USD climbed from $1.26 to $1.28, while EUR/USD held at $1.14. So far, the pound has enjoyed two weeks […]

Despite Brexit woes, GBP/EUR recovers from three-month low

THE pound plummeted, recently, to a three-month low against the euro, as the latest, Brexit developments took their toll. GBP/EUR has since recovered some of its lost ground, however, with the pairing edging up from 1.10 euros to 1.11. EUR/GBP, meanwhile, has edged back below £0.90. GBP/USD remains over a cent weaker than the month’s […]

New mortgage law will be boost for customers

By Mariano Zunino A NEW mortgage law was approved on Tuesday by the Congress of Deputies, to help customers avoid evictions. It also forces banks to pay mortgage expenses, as well as lowering mortgage amortisation (reducing the cost of each repayment). In addition, it points out that it is not obligatory, but an option, to […]

Is your home ready for the cold spell?

ON the occasion of the Christmas period and beyond, maybe you have planned to travel to your country to visit family and friends. A home insurance, therefore, is essential during this time of the year, because you will be leaving your home empty, and, in winter, extreme weather conditions are capable of wreaking havoc on […]

Hotel chain’s 500m records are hacked

THE personal records and information of a staggering 500 million guests, linked with Marriott International, have been involved in a data breach. The hotel chain, with multiple accommodations in Spain and the UK, has announced that the guest-reservation database of its Starwood division has been accessed by an unauthorised party. An internal investigation revealed that […]

Coca-Cola workers fizzing again, after their five-year fight

COCA-Cola workers in Spain are celebrating the end of a five-year labour conflict, thanks to an agreement reached by   their unions with the company. The workers have been facing uncertainty since the global drinks giant announced plans, back in early 2014, to shut four of its plants in Spain to “strengthen the brand”. It would […]

Continued volatility for sterling

THE pound has remained highly volatile over the past couple of weeks, with ongoing Brexit uncertainty leaving the currency on the defensive, against its peers. This volatility saw GBP/EUR trade in a range of 1.13-1.12 euros, and resulted in EUR/GBP holding at £0.88. GBP/USD fell from $1.28 to $1.27 over the last two weeks, while […]

Pound rocked by Brexit chaos

STAYING on top of the latest currency news can help you time your transfers more effectively, so find out what you should be looking out for, over the next couple of weeks. Brexit has continued to dominate currency markets in recent weeks, with fears of a no-deal scenario leading to some notable volatility in the […]

Pound/euro exchange rate climbs to three-week high

ALTHOUGH the Bank of England (BoE) did not raise interest rates at its November policy meeting, the mood towards the pound picked up, nevertheless, in the wake of the announcement. While the latest US payrolls data pointed towards a continued tightening of the labour market, this was not enough to prevent GBP/USD exchange rate pushing […]

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