LATEST NEWS

Stay current with our daily news updates - latest financial and economy news is posted on this page at least once daily, so you know what is happening in relation to your money.

Euro Expulsion for Eurozone Deficit Violators? 12 March 2010 - Which Way to Pay The German finance minister Wolfgang Schäuble has called for drastic measures for countries who do not stick to the Eurozone’s debt rules – including expulsion from the euro region. Read More >>

Sterling Steadies against US dollar and Euro 11 March 2010 - Which Way to Pay After recent losses, the pound steadied this morning against the US dollar and the euro. By shortly after 9AM today, it sat at $1.4977 against the dollar and at 91.10 pence with the euro. Read More >>

Rise in Interest Rates on Personal Loans 10 March 2010 - Which Way to Pay According to recent figures, the average APR (annual percentage rate) on a personal loan has risen sharply in the last two years – on a normal loan of £5,000 customers are paying up to 42 per cent more. Read More >>

Stricter Rules for Currency Traders? 09 March 2010 - Which Way to Pay In what has become a central issue, Greek prime minister Papandreou has now called for the US to crack down on currency traders and hedge funds, whom he claims are largely to blame for his country’s economic woes. Read More >>

Speculators under Attack from French President Sarkozy 08 March 2010 - Which Way to Pay French President Nicolas Sarkozy yesterday hit out at financial speculators, saying that Greece was “under attack” from them. In a show of solidarity with the problem-ridden Greece, Sarkozy said that if support was called for, they would receive it. Read More >>

FSA Chief Calls for Limited Proprietary Trading 05 March 2010 - Which Way to Pay FSA Chief Calls for Limited Proprietary Trading Read More >>

Euro Advances on Greek Debt Plan 04 March 2010 - Which Way to Pay Greece has finally appeased investors by revealing an austerity plan to cut its severe deficit, which currently stands at €300 billion. Read More >>

Consumer Confidence at 2 Year High 03 March 2010 - Which Way to Pay Consumer confidence in the UK has reached a two-year high, according to the Nationwide consumer confidence index. Last month, the index rose by 6 points to 80, its highest point since January 2008. Read More >>

UK Pound falls to Ten Month Lows 02 March 2010 - Which Way to Pay Election concerns are causing the pound to fall – against the US dollar it hit 10-month lows on Monday. Read More >>

Copper Prices Rise on Chile Earthquake 01 March 2010 - Which Way to Pay The massive earthquake in Chile over the weekend sent copper prices to their highest level in five weeks. Read More >>

UK Economic Concerns Push Pound Down 26 February 2010 - Which Way to Pay Fresh fears over the state of the UK economy have pushed the pound down against the US dollar. Reaching its lowest level since May last year, the pound fell by 1.4 cents to $1.5261. Read More >>

US Interest Rates to Remain Low 25 February 2010 - Which Way to Pay US Federal Reserve chief Ben Bernanke has announced that the central US interest rate will remain low “for an extended period”. Read More >>

Foreign Exchange Orders Explained 24 February 2010 - Which Way to Pay The foreign exchange market is the largest liquid market in the world, with 24-hour trading and a daily turnover of around $3 trillion. Most good foreign exchange brokers will offer a range of services in order that their clients can have as successful a trading experience as possible. Read More >>

Oil Hits six week High 23 February 2010 - Which Way to Pay The price of US light and Brent crude oil has risen to a six-week high as the US dollar was pushed lower by the euro on Monday. Read More >>

Greece Aid package to reach €25 Billion 22 February 2010 - Which Way to Pay According to reports over the weekend from Germany, eurozone finance ministers are putting together a bailout package for Greece worth €25 billion (£22 billion). Read More >>

Stocks Fall after Surprise US Fed Move 19 February 2010 - Which Way to Pay Global stock markets fell after the US Federal Reserve announced that it is raising interest rates for emergency bank loans. The rate will be lifted to 0.75 per cent, up from 0.5 per cent. Read More >>

Bank of England Unanimous Vote against more QE 18 February 2010 - Which Way to Pay The latest Bank of England minutes, released to much anticipation, showed that all nine members of the monetary policy committee (MPC) voted against increasing the quantitative easing (QE) programme. Read More >>

Euro Oversold in Recent Weeks? 17 February 2010 - Which Way to Pay According to currency experts, short positions on the euro may have gone too far in recent weeks. Due to significant fiscal problems in Greece, the euro has generally been taking a tough knock but on Tuesday things looked set to change. Read More >>

Fresh Fears over Dubai hit Markets 16 February 2010 - Which Way to Pay Stock markets took a sharp knock on Monday as investors received fresh concerns over Dubai. In a worrisome twist for creditors of Dubai World, the state-owned company that is in severe trouble, it emerged that they would only be paid back 60 per cent of the debts they are owed. Read More >>

Calls for New Tax on Currency Speculation 15 February 2010 - Which Way to Pay Senior economists have made a large scale call for G20 leaders to implement a tax on speculative trading on currencies as well as shares and other securities. Read More >>

Sterling Gains on Uncertain EU Aid for Greece 12 February 2010 - Which Way to Pay EU leaders met at a Brussels summit and have agreed to help Greece cut its massive budget deficit by up to 4 per cent this year. Read More >>

Low Rates likely to Remain until Next Year 11 February 2010 - Which Way to Pay The Bank of England’s Governor, Mervyn King, said that the UK economy will continue to “bump along the bottom,” and hinted that the base interest rate would remain low until well into next year. Read More >>

Whats in Store for the Pound? 10 February 2010 - Which Way to Pay 2010 looks set to be a very interesting one for the pound. Already caught in the crossfire between the euro and the US dollar, speculators are looking where next for the British currency. Read More >>

January Retail Worst in 15 Years 09 February 2010 - Which Way to Pay The Retail sector has experienced a tough start to the year, with retail sales in January at their slowest in 15 years. Read More >>

Dividends cut by £10billion 08 February 2010 - Which Way to Pay Dividends were cut by £10billion in 2009 in Britain, in what was a 15 per cent fall on 2008. In total, UK companies paid out just over £56 billion according to a study. Read More >>

Gloomy Thursday for Stock Markets 05 February 2010 - Which Way to Pay On Wall Street and in European markets on Thursday, stock markets fell sharply on what was a surprisingly poor day for many investors. In the US, shares lost by most they had done in nine months. Read More >>

Greek Economy under Scrutiny 04 February 2010 - Which Way To Pay Greece’s deficit is over four times higher than is allowed by EU rules. This year, the economic woes of the country have weighed heavy on the euro and now there is to be heavy scrutiny by the European Commission. Read More >>

British Consumer Confidence is Up 03 February 2010 - Which Way To Pay Consumer confidence is nearly twice has high as it was in January last year, according to the Nationwide Building Society’s consumer confidence index. Read More >>

Mortgage Rate Hike at Building Societies 02 February 2010 - Which Way To Pay Have you got a mortgage with one of Britain’s building societies? A sharp increase in repayments is now faced by borrowers after a number of building societies have announced their intention to raise standard variable rates (SVRs). Read More >>

Sterling Falls in Early Trading 01 February 2010 - Which Way To Pay The British pound fell in this morning’s early trading, as currency speculators await an important Bank of England meeting later this week. Read More >>

Big Banks Fight Back in Davos 28 January 2010 - Which Way To Pay The World Economic Forum kicked off in Davos yesterday, and already the atmosphere is one of daggers drawn and hard-line opinions on the world’s financial set up. Read More >>

GDP Growth falls Below Expectations 27 January 2010 - Which Way To Pay The announcement that there was just 0.1 per cent of growth in the fourth quarter caused great disappointment in the markets. Read More >>

Recession Exit to be Announced 26 January 2010 - Which Way To Pay Later today, Britain is almost certainly to be declared out of the recession. It is likely that official figures will show that the economy grew by 0.4 per cent in the fourth quarter. Read More >>

Shares fall in Early Trading 25 January 2010 - Which Way To Pay Early trade in this morning’s London session brought another fall in shares, meaning a retreat in the fourth session in a row. Key to the retreat are financials, with pressure from US President Obama’s bank plans, announced at the end of last week. Read More >>

Markets Fall on Obama Bank Plans 22 January 2010 - Which Way To Pay Stock markets have fallen sharply with the Dow Jones closing at its sharpest downgrade since October, down 2 per cent, after President Obama made new plans for banks. Read More >>

China Economy Growing Strong 21 January 2010 - Xenia Rainey (Which Way To Pay) With figures that are a far cry to some of those found in Europe last year, China’s economy grew by 8.7 per cent in 2009. Read More >>

Markets unsettled by Bank speech 20 January 2010 - Xenia Rainey (Which Way To Pay) Markets yesterday awaited a key speech from Bank of England governor Mervyn King. Many hoped that he would provide some strong indications over a variety of important factors for the UK – including the general outlook for the economy. Read More >>

FTSE opens Down while CPI Increases 19 January 2010 - Xenia Rainey (Which Way To Pay) The FTSE 100 opened weaker as investors remain cautious in anticipation of key earnings from the USA. Read More >>

Emerging Economies Lead Recovery says IMF 18 January 2010 - Xenia Rainey (Which Way To Pay) According to the International Monetary Fund, China and developing countries in Asia are leading the way as far as the global economic recovery is concerned. Read More >>

Sterling Gains on Positive Data 13 January 2010 - Xenia Rainey (Which Way To Pay) The pound sterling gained on Tuesday after positive data from the UK economy was released. Read More >>

ICE warns travellers to budget for Aurora Borealis 12 January 2010 - ICE Being in the right place at the right time to see the Northern Lights is down to a certain amount of luck, but that’s all aurora gazers should leave to good fortune according to International Currency Exchange. Read More >>

Daily Currency and Trading Reports 12 January 2010 - Xenia Rainey (Which Way To Pay) Visitors to Which Way To Pay already enjoy the regularly updated news and advice areas, but there are more ways to stay on top of what is happening in the economic, currency and trading world. Read More >>

New Strategy for Global Economy 11 January 2010 - Xenia Rainey (Which Way To Pay) The way that the global economy functions has come under great scrutiny in the aftermath of the financial downturn of the last year. But what is likely to change in the way that nations interact on financial issues? Read More >>

UK Economy back to Strength? 08 January 2010 - Mark Maffia After the latest good news from various UK sectors, notably manufacturing, some expert economists are predicting that the recession is set to finish. Read More >>

Oil Prices increase Helped by Cold Weather 07 January 2010 - Xenia Rainey (Which Way To Pay) Snow may be wreaking havoc around Britain with schools closed in many areas and transport systems severely affected, but it does have one positive effect on the oil industry: more people rely on fuel to heat their homes, driving oil upward in price. Read More >>

Is Quantitative Easing having an Impact on UK? 06 January 2010 - Xenia Rainey (Which Way To Pay) Latest figures on quantitative easing in the UK show that it is having a positive effect on the economy. Read More >>

New Year Optimism on Markets 05 January 2010 - Xenia Rainey (Which Way To Pay) At the start of the New Year, markets are showing signs of optimism. Share indexes rose while commodity prices took an upward climb too. Read More >>

The Pound in 2010 04 January 2010 - Xenia Rainey (Which Way To Pay) A year ago, the pound was down to 1.02 against the euro, hovering near the absolute parity edge. Now, it has risen to around 1.10 – hardly a great increase, and certainly enough to make many experts concerned over the future of the pound. Read More >>

Christmas Shoppers Put off by Snow 24 December 2009 - Mark Maffia The last shopping weekend before Christmas has come and gone for UK shoppers. Yet bad weather has kept many away from hitting the high street – a fact that came as a blow to retailers. Read More >>

UK only G20 Nation left in Recession 23 December 2009 - Xenia Rainey (Which Way To Pay) The UK’s latest official economic data shows that the country is still in recession. It is now the only country of the G20 nations still in recession, after figures showed that the economy contracted by 0.2 per cent in the three months to September. Read More >>