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Michelle Obama chooses Marbella September 10, 2010

This summer First Lady Michelle Obama chose the Costa del Sol for her summer vacation and put Marbella right back on the map.

She stayed at the Villa Padierna Hotel in Los Flamingos and enjoyed the Marbella life style.  Michelle Obama and her daughter Sacha visited the Alhambra in Granada, went shopping in the Old town of Marbella and spent the day sight seeing in Ronda.  Since her visit to Marbella the Property market on the Costa del Sol has started to boom.  People have once again realised that Marbella is the number 1 holiday destination.  Golf, Restaurants, beaches and a wonderful climate is the recipe for people living on the Costa del Sol.

Marbella Choice has a fantastic relationship with currencies direct and all their clients have been delighted with this service.

Article courtesy of Nigel Eede of Marbella Choice www.losflamingos.co.uk

Euro surges higher July 2, 2010

Just when you thought it was safe to get back into the water after the previous EURUSD short squeeze, we see a 2% move up in the pair and it now trades over 1.25. The combination of the successful Spanish bond auction, speculation of a disappointing US jobs number later today and fears over a US double dip recession all helped the Euro climb against the Dollar. However, the fall-out from the ECB rollover of €442 bn of bank funding has delivered a relative tightening of monetary policy compared to other countries. The subsequent yield advantage of the Euro has been quickly identified by the market and has driven up the price of the Euro against both the Dollar and Sterling. A weaker Euro is needed to drive growth in the Eurozone over the medium term, so the result of the ECB policy of shoring up a trembling Eurozone banking system has been slightly counterproductive. The announced austerity measures across the Eurozone will need to be offset by foreign demand for growth to continue, something that a stronger currency makes less likely.  Whether the ECB sees this as a temporary blip in the downward trajectory of the Euro or we see further Euro strength, it is clear that this issue will be at the front of policy maker minds over the coming months.
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Mark O’Sullivan in BBC - Currencies Direct News September 22, 2009

Watch Mark O’Sullivan’s interview on the BBC

http://www.bbc.co.uk/iplayer/episode/b00myn8q/Working_Lunch_22_09_2009/

or watch our daily market commentary podcasts by clicking here

What a week for the pound August 31, 2009

What a week for the pound!  After a spell of inactivity akin to watching paint dry suddenly the GBP/EUR pair sprung into life.

The move started last Friday after we had further positive feedback from the US economy as existing home sales came in much better than forecast hitting 2 year highs; this data and a healthy economic assessment from Ben Bernanke boosted the good cheer in the markets. We are approaching the one year mark from the collapse in the financial systems and at the moment things are looking pretty steady and stable. However I personally feel that economic data will be closely scrutinized in the next quarter to look for sustainability in the markets and not simply a knee jerk response to extra stimulus. An article in the FT by Nouriel Roubini points to a threat of a double-dip recession if recovery turns anaemic- this would not be good news for sterling. 

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Harrogate - French Property Exhibition May 18, 2009

The Harrogate show hosted with French Property News traditionally brings a varied selection of period and new build properties under one roof and affords both buyers and sellers the chance to meet experts in the fields of relocation, currency, taxation and property…this year did not disappoint. Read the rest of this entry »

Currencies Direct goes continental! May 13, 2009

CD market commentary quoted in the Daily Bourse in France…

http://www.daily-bourse.fr/le-dollar-remonte-apres-avoir-flanche-la-veille-Feed-AFP090513131158.iwyp9kpy.php


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