Spain Euphoria Fizzles Out


The rally in the Euro lost steam yesterday as rising Spanish and Italian bond yields brought the sovereign debt concerns to the fore. The Spanish 10 year bond yield rose above 7%, the most since the Euro was introduced in 1999 and at levels at which Greece, Ireland and Portugal had to request for financial aid. At the G20 meeting, emerging nations, including China and Russia, came out in support announcing contributions to boost the IMF’s crisis firewall.

At home, consumer price inflation data released today has shown an easing trend, facilitating further QE by the Bank of England to aid the ailing British economy.

Company Details

Spain Euphoria Fizzles Out

Get a quick quote

Open Account with World First

World First are located at:
Regent House, 16-18 Lombard Road, , Greater London, SW11 3RB, United Kingdom

Get a Quick Quote

Newsletter Signup to CMT

Sign up to our foreign exchange newsletter to receive news updates directly by email

Compare Money Transfer will not Share your details!

Bank Exchange Rates Comparison

High St Bank Exchange Rate

All Rights Reserved: Copyright 2006 - 2018 Compare Money Transfer Limited offering FCA Regulated Suppliers - 34 New House, 67-68 Hatton Garden, London, EC1N 8JY. +44 (0) 843 357 4882