Figures from Europe have shown that spanish jobless figures have passed the 5 million mark with more than half of all 16-24 year olds are jobless. These figures are the highest in 17 years and are not good news for one of Europes largest economy. With so much pressure on Europe to help sustain Greece’s debt repayments if a country the size of Spain was to require a bailout then it would be very difficult for Germany and France to support this economy. Despite this negative news the Euro has held reasonably steady against Sterling this morning, however, further news like this is only likely to cause Euro weakness and could result in some good buying opportunities for those clients looknig to buy Euros. If you would like to be kept informed of any Sterling Euro exchange rate movements please contact us today on 01494 725353 or email email@example.com and one of our experienced currency broker will be happy to explain all the options available to you.
Spanish Unemployment Increases
By Tom Higham
27th January, 2012
Categories: Best Exchange Rates