“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 unfair to customers. These clauses set a “floor” or minimum interest rate that clients have to pay the bank, even if the benchmark rate –…
THE WEEK AHEAD IN FX WORLD
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 coming months. This will also provide some support for the USD..” “..The EUR’s own political challenges will put downward pressure on the currency in the…
Where next and why ???
GBP is the main beneficiary from last week’s upheaval in currency and bond markets, but has given up 100point against the USD today.
The USD in Focus with the Election Approaching
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.
US Election Week
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 the omission of an exit strategy from the single currency was serious flaw, and that the instigation of negative interest rates is an undesired step…
Football training Jose Mourinho
Manchester United’s Jose Mourinho praises Wayne Rooney as a “big player” and insists he “remains a big part of his plans” at the club. The press are suspicious, and actions talk louder than words. Neither individual will enjoy the comparison, but Jose’s words mirror’s Janet Yellen’s of an interest rate hike in the…
Parcent: Ideal for nature lovers and adventure sports
Parcent is the ideal place for lovers of nature, history, gastronomy and adventurous sports. Situated on a hill in the Vall de Pop Valley, providing spectacular mountain and valley views, especially in Februaury when the valley is transformed into pink and white from the abundance of almond blossom, Parcent is in a truly wonderful location.…
BENICHEMBLA: ACTIVE TOURISM IN THE MOUNTAINS, PLAINS AND RAVINES
Situated a little further along the beautiful Jalon Valley next to the Jalon River is the charming village of Benichembla.
Lliber: A beautiful valley between mountains and ravines
Located in the beautiful and fertile Jalon valley laying between mountains and ravines is the picturesque, peaceful and traditional village of Lliber. With a population of around 500 it is the smallest village in the Vall de Pop region.
Jalon: The indescribable beauty of the almond blossom
Regarded by many as the “Jewel in the Crown” of the entire Jalon Valley or Vall de Pop as it is known locally, Jalon offers visitors every amenity possible with excellent bars, restuarants shops, supermarket, banks, a modern and well equiped medical centre, plus many, many other shops catering for all tastes and budgets. This…
Murla: Land of legends, buried treasure and epic novels
A charming and peaceful village just 3km from the nearby villages of Parcent and Alcalali, Murla has a population of around 600, with many of the inhabitants recently settling from other European countries, providing a very cosmopolitan atmosphere whilst enjoying that very special and tranquil way of Spanish village life. The village holds a special…
Alcalalí: The viewpoint of the Vall del Pop
Originally founded as a Moorish farmstead settlement in the thirteenth century, the picturesque and charming village of Alcalali lies just 2km from the nearby larger village of Jalon and a similar distance to the next village in the Jalon Valley, Parcent.Surrounded by mountains and with the River Jalon (Rio Gorgos), passing nearby, Alcalali today is…