Sterling enjoyed a solid week last week, touching its highest levels against the euro for 18 months in quiet trading before retreating on Friday as speculators took their profits. It was helped higher by a solid rebound in Gross Domestic Product which encouraged thoughts of the economy returning to pre-pandemic levels before the year is […]
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As expected, two events dominated the market’s last week, the monthly meeting of the Bank of England’s Monetary Policy Committee and the employment reports from the US. The Bank was moderately hawkish and is now firmly in the camp of central banks looking to tighten sooner rather than later. As expected, sterling gained against the […]
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What has been happening in the property market locally across Orgiva, Lanjaron, The Alpujarra and Lecrin Valley. First, let’s have a look at the facts and figures across the local markets and then we can look at some interesting numbers affecting this. Then we can take a look forward to what the rest of the […]
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Court rules that buyer does not have to pay estate agent a buyer’s fee! A provincial court in Andalusia has ruled in favour of the direct purchase of a property between buyer and seller without the need for the new owner to pay commission to the estate agency that was showing it. The Provincial Court […]
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The currency markets had a quiet time last week, which is hardly surprising as we approach the peak summer holiday period. Ranges continue to get narrower, and volumes continue to decline. There were, however, some interesting developments, not least from the Bank of England. After both the Royal Bank of New Zealand and the Bank […]
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