The euro still remains very strong against the pound despite the ongoing problems shown by the European Debt and the probable bailouts or defaults. I have read today of a report casted by the BBC which stated two thirds of European economists surveyed expect Greece to default on their debt.
Last year such an announcement would have had the markets in absolute turmoil Alex Redmond Bengals Jersey , indeed much of last years weakness on the euro was due to the debt crisis.
This year despite the well publicised problems in Portugal, Ireland, Greece and Spain the Euro remains a very unattractive prospect for those looking at buying overseas property. This is due to a number of factors:
– EFSF – The European Financial Stability Facility is designed to act a safety net for indebted European nations. The fund has recently been made permanent and has given the markets the confidence that the ECB and stronger Eurozone members are serious about coming to the financial aid of the weaker members – a criticism levied at many members. As discussed European Debt concerns had been a major weight on the euro last year but now the issue is well known and appears to be being dealt with confidence has been restored. It is worth noting that longer term this is likely to be the issue that could present Euro weakness as concerns arise over the inability of the indebted nations to repay their debts.
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– Interest Rate Decisions – The UK looked almost certain to have a rate hike in the first quarter of this year and the pound made strong gains on the euro as investors positioned themselves for the event. We then had a barrage of data releases showing that in all probability the UK wasn’t ready for a hike and as such these positions were unwound and led to sterling weakness. Conversely the Eurozone has been floating the prospects of an interest rate hike as soon as next month. With unemployment falling it appears the Eurozone may have turned a corner and will be the first to stomach a rise in the base rate. This has compounded the problems for the GBPEUR rate as investors have taken up stronger positions on the Euro. The US economy whilst growing is still incredibly weak and due to the amount of cheap loans issued to stimulate recovery cannot afford to go raising rates. They are still administering the latest round of Quantitative Easing and will need to fully assess the effects before committing to a rate hike.
– Economic Outlooks – The economic outlook for the Euro has improved this year with enouraging signs in manufacturing and factory orders. Unemployment is falling and the overall picture remains bouyant despite the problems of the PIGS. The UK is suffering from very low growth and the immediate future does not look rosy either. It could be months or a year before the economy is deemed strong enough to be able to handle a rate hike and even then if the Euro has already had one Nick Vigil Bengals Jersey , it is unlikely to be a major mover.
Despite the grim news for those buying Euros, such a trend is excellent news for those selling euros. Movements this month of over 5% in your favour are presenting a great opportunity to maximise those property sales.
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For an unbiased Tyler Boyd Bengals Jersey , informative and possibly lucrative discussion of current trends why not fill in the contact us form and you can speak to an experienced currency trader who will be able to explain all the ins and outs of safely, securely and profitably transferring funds overseas.
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WASHINGTON William Jackson Bengals Jersey , March 16 (Xinhua) -- Inadequate vaccine coverage is to blame for the ongoing U.S. measles outbreak linked to Disneyland in California, according to calculations out Monday by a research team at Boston Children's Hospital that confirmed previous understanding of the highly contagious disease.
Their report, based on epidemiological data and published online by the U.S. journal JAMA Pediatrics Joe Mixon Bengals Jersey , found that the measles vaccination rate among the exposed population where secondary cases occurred in California, Arizona and Illinois is between 50 and 86 percent, far below the 96 to 99 percent necessary to create a herd immunity effect.
"Clearly John Ross Bengals Jersey , MMR (measles, mumps and rubella) vaccination rates in many of the communities that have been affected by this outbreak fall below the necessary threshold to sustain herd immunity, thus placing the greater population at risk as well Andrew Billings Jersey ," said the researcher, led by Maimuna Majumder and John Brownstein of Boston Children's Informatics Program.
Measles is so contagious that an infected individual in a population fully susceptible to the disease will spread the virus to between 12 and 18 additional people. By comparison, the so- called basic reproduction rate for Ebola Cordy Glenn Jersey , the virus currently circulating in West Africa, is only 1.5 to 2.5.
In a population where at least some individuals are immune to measles, the virus spreads from person to person more slowly. The rate of spread in an immune population is called the virus's effective reproduction rate.
The researchers calculated that the virus's effective reproduction rate in the Disneyland outbreak is between 3.2 and 5. 8.
Currently Preston Brown Jersey , the United States is experiencing a multi-state measles outbreak that started at Disneyland in December 2014, although the index case has not yet been identified. As of March 13, there have been 133 confirmed measles cases reported in California residents.