With a reduction of up to 0.25% BNP Paribas International are offering exclusive rates to clients of French Mortgage Xpress for the ‘Fixed Rate Interest Only mortgages in the summer of 2017.*
Read more about: "Exclusive French Mortgage Rates"
What’s been happening? The euro was Monday’s currency winner, recording (and holding) notable gains against the majors thanks to the outcome of Sunday’s first round of voting in the French election. With one of the anti-EU candidates, left-wing Jean-Luc Melenchon, out of the running, the odds of a ‘Frexit’ were reduced, and demand for the [...] Read more about: "French Elections"
In a somewhat surprise move, Prime Minister Theresa May has this morning confirmed she wants to hold a snap General Election on 8th of June. Although Downing Street had initially dismissed any early election talk less than a month ago, Mrs May has said that she had ‘only recently and reluctantly’ come to this decision [...] Read more about: "General Election Announcement"
The residential property market in France is showing signs of heating up, according to an article in le Monde from last week (29 March). After the record number of 845,000 property transactions in 2016, sales are continuing to rise in the first months of 2017. While property prices in Paris and Bordeaux have risen by [...] Read more about: "Property Sales in France increased in 2016"
The UK is officially on the road to Brexit. After all the build-up, the impact of the activation of Article 50 on the currency market was rather muted. GBP/EUR actually gained slightly on the euro, rising from €1.1479 to €1.1553, while GBP/USD clung to the $1.2424 level. Sterling failed to hold its own against the [...] Read more about: "Pound stabilises after Article 50"
Philip Hammond started off with a remark that Chancellors in his position rarely get to make during a Budget announcement; a higher than expected growth of 2% for the UK economy, up from 1.4%. During his speech, he announced that National Insurance contributions for the self-employed is to increase by 1 per cent to 10 [...] Read more about: "Here’s the Spring Budget at-a-glance"
Firstly, a new opinion poll ahead of the upcoming French Presidential elections has suggested that the National Front candidate, Marine Le Pen, is gaining popularity amongst the electorate. Whilst there also remains a strong sentiment for the newly emerged Socialist candidate, ex-banker Emmanuel Macron, many feel his initial surge of popularity has now begun to [...] Read more about: "Sterling spikes to two-month high against the euro"
It was another strong day for the pound after a sluggish start saw it gain 1% on the euro and 0.5% on the dollar as many investors believe that the BOE may hint at raising interest rates soon when they meet at their quarterly inflation meeting today. With many suggesting Brexit-related caution, Mark Carney may [...] Read more about: "Pound gains 1% on euro"
The euro managed to find support from stronger than expected industrial production activity in the Eurozone. Since the beginning of January, the currency has enjoyed a strong recovery against the US dollar as the economy improves, with most of the data surprising economists. Data coming out of Germany yesterday confirmed the improved environment as the [...] Read more about: "The euro continues down road to recovery"
Sterling weakness continues Last week’s currency movements could potentially be a preview of what to expect for 2017. The US dollar showed sensitivity to Fed announcements after the release of December’s FOMC meeting minutes. Meanwhile, Sterling remained on the back foot and performed poorly in most currency pairings for the majority of the week. This [...] Read more about: "Sterling and access to the single market"
