“Floor clauses” (cláusulas suelo) contravened European law and was unfair to customers.
The European Court of Justice (ECJ) on December 2016 ruled that a Spanish Supreme Court decision capping lenders’ liability for so-called “floor clauses” (cláusulas suelo) contravened European law and was…
USD strength has been the over-riding tone in the market, here are thoughts form HSBC: “..our fixed income team now expects US rates to remain elevated, at least in the…
GBP is the main beneficiary from last week’s upheaval in currency and bond markets, but has given up 100point against the USD today. Following holidays in the US and parts…
The USD has traded weaker since Mrs Clinton’s campaign stalled due to a new FBI probe into email usage, but the coming days mean more for the USD. Wednesday’s interest…
Comments from Issing (a founder of the Euro currency concept) displayed his concern about fragility within the Eurozone – specifically structural issues within Italy Spain and Greece. He commented that…
