Business & Finance

Spanish mortgages are getting cheaper

HOMEOWNERS with a mortgage, having its annual review this week, will see their monthly payments drop again, now that the Euribor was set to end July at a new, historic low. The Eurozone interest rate, upon which mortgages in Spain are based, will end the month on -0.282%, breaking the record low set in March […]

Boris Johnson government heightens No-Deal Brexit fears, and GBP falls

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 strengthened, initially, in response to the end of the Conservative Party leadership contest, but gains proved very short-lived. Sterling has even […]

Central Bank speculation drives volatility in the currency markets

THE past couple of weeks have seen Central Bank speculation become a key catalyst of movement in currency markets, resulting in some notable volatility. The pound still seemed to come off worst, however, with GBP/EUR sliding from 1.12 to 1.11, with EUR/GBP coming dangerously close to breaching 0.90. Meanwhile, GBP/USD has tumbled from 1.26 to […]

Pound hits six-month low against euro and US dollar

As the Conservative leadership contest narrowed down to the final two candidates, the mood towards the pound deteriorated, with the odds of a no-deal Brexit appearing to increase. Meanwhile, the increasingly-dovish outlook of the Federal Reserve, coupled with underwhelming US data, left USD exchange rates on the back foot. An uptick in the Eurozone, consumer-price […]

Lawsuits against Inland Revenue won’t carry a fee

By Mariano Zunino THE Supreme Court has recently nullified the legal costs in tax proceedings, which means that any lawsuits with the Inland Revenue Office will be free from now on. This has been established by the Supreme Court in a judgement, which accepts the Spanish Association of Tax Advisors (Aedaf) reasoning and nullifies Article […]

UK investors waiting for the leadership outcome for Brexit and pound outlooks

SINCE Britain’s Conservative Party leadership contest began, last week, the pound’s movement has been limited, because of expectations that there will be no Brexit progress until it concludes. Despite this, the euro has been unable to capitalise on the pound’s weakness, because of various Eurozone economic and political uncertainties, leaving GBP/EUR trending in a tight […]

What we should do in case of a car accident

SUMMER is coming in beautiful, sunny Spain. With temperatures soaring it’s a great feeling, although a tad hot at times for all expats who live and work in this tranquilo environment. Tranquilo, that is until the influx of tourists from many countries around the world, especially Britain and the rest of Europe. Now, more than […]


In edition number 1107 of the Canarian Weekly we released an article on the situation at Los Claveles Resort, situated in Los Cristianos. In such article, some information was delivered regarding the litigation between the Club Committee of the timeshare properties at the Los Claveles Resort and Wimpen/Onagrup. Right after the article was released in […]

Pound struggles, end of May in focus 

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. Sterling stumbled over the last couple of weeks, as the end of Theresa May’s tenure as Prime Minister approached. GBP/EUR fluctuated around €1.13, […]

Breakdown of cross-party talks limit pound’s potential for gains

THE pound is recovering slightly, following two weeks of broad-based losses, but the chances of a full sterling recovery appears unlikely, as uncertainties surrounding Brexit and UK politics, in general, weigh heavily on the outlook. Rising hopes about resilience in the Eurozone economy have led to major GBP/EUR losses, with the pair trending low at […]

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