Business & Finance

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 […]

Brexit uncertainty leaves GBP/USD on the defensive

THE past couple of weeks have seen Brexit uncertainties dominate currency markets, prompting considerable volatility in the pound, along the way. This has seen GBP/EUR slump from a high of 1.14 euros to 1.13, over the last two weeks. EUR/GBP has climbed from £0.87 to £0.88. At the same time, a firmer US dollar has […]

Brexit news helps to strengthen the pound

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. The pound has been bolstered by Brexit news over recent weeks, although a GBP/EUR exchange rate rise hasn’t been replicated against the US […]

The more you take, the better the return

LIBERTY Seguros, the expats’ No.1 choice for insurance, is offering more discounts to existing and new customers, through a new Cashback promotion, from now until 20th December 2018. To continue its loyalty to existing customers, for every new car or home policy taken out, you will receive a 60-euro Cashback, so you’ll receive 120 euros […]

Brexit ‘Impasse’ warning dragging GBP/EUR down

THE pound has been on a rollercoaster ride over recent weeks, with steady gains against the euro and US dollar, giving way to heavy losses because of Brexit anxieties. Overall, the GBP/EUR exchange rate has remained at 1.11 euros over the last fortnight. The pairing rose to 1.12, but lost this on a fresh, Brexit […]

Cashing in on car-hire firms

HIRE-CAR companies in Tenerife use around 16,000 vehicles a day, which generates some 5.5% revenue for the tourist sector. That adds up to an estimated 118,200,000 euros annually, according to sources from Tenerife’s travel and tourism sectors. Hire cars are the most common means of transport for tourists moving around the islands, especially Tenerife, where […]

Hopes for a clean-break Brexit boost GBP/EUR exchange rates

THE pound has been strongly influenced by Brexit over the past two weeks, making tentative gains against the euro, but having a harder time against the US dollar. The GBP/EUR rate has improved over the last fortnight, opening at 1.10 euros, and hitting 1.12 last week; the pairing has, most recently, fallen back to 1.11. […]

Courts clash over late mortgage repayments

By Mariano Zunino THE lack of legal criteria, establishing when the clauses on late-payment interest in mortgage loans are abusive, has led the Spanish First and High Courts to apply different decisions. Consequently, it has led to legal uncertainty, and an arbitrary difference of treatment for consumers. To end this disparity, and also end the […]

GBP/EUR slides to 2018 worst levels, as Brexit jitters pile on!

THE pound’s August tumble versus the euro could be set to continue, as fresh comments from high-ranking officials, both in the UK and EU, keep alive fears of a possible “no-deal” Brexit. Over the past fortnight, GBP/EUR has seen significant losses, tumbling from 1.12 euros to 1.10. EUR/GBP, on the other hand, has climbed to […]

UK taxman hunts Spanish dodgers

THE British government has informed taxpayers, including those living in Spain or Tenerife, that they must declare their earnings on overseas assets by 30th September, or face fines. The UK’s tax-collecting authority, HM Revenue and Customs (HMRC), say the call is aimed at those who have not informed officials of assets and earnings outside the […]

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