Scotland fans ‘thousands out of pocket’ after Euro 2024 tour operator goes bankrupt

Scotland fans have been left out after a travel company selling Euro 2024 trips went bust. Football Road Trips Ltd, which advertised tailor-made tours for fans promising ‘exciting and unique football experiences’, announced it had gone into administration citing ‘escalating costs’ following the Covid-19 pandemic. STV News has learned that a number of Scotland fans … Read more

ECB publishes first progress report on the preparation phase of the digital euro

June 24, 2024 ECB designs high privacy standards to make online and offline digital payments as close as possible to cash transactions The ECB has started designing a methodology for calibrating digital euro holding limits The ECB continues to provide technical input to legislative discussions with European co-legislators The European Central Bank (ECB) today published … Read more

Britain hopes the ‘smart ring’ worn by Kim Kardashian will be the euro’s weapon

England players and staff have been given a tracking device, the Oura Ring Gareth Southgate has been seen wearing the equipment on his left index finger LISTEN to It All Begins! Ian Ladyman, Chris Sutton and the Mail Sport team give their tournament predictions A ‘revolutionary’ smart ring worn by Kim Kardashian is emerging as … Read more

The ECB signals euro risks from Russia as global currency reserves fall

Stay informed with free updates Simply log in to the Foreign currency myFT Digest – delivered straight to your inbox. The euro’s share of global foreign exchange fell last year on concerns that plans to use frozen Russian assets to finance Ukraine could further erode the appeal of Europe’s single currency. Other countries cut the … Read more

Pound to euro rate rises to 34-month best due to increasing political instability in the EU

BOE

Above: Emmanuel MACRON, President of France. Copyright: European Union. Pound to euro conversions soared in value on Monday, delivering the best exchange rates for euro buyers in 34 months. The euro is under widespread pressure, with analysts blaming the calling of early elections in France and the apparent success of EU-skeptical parties in the European … Read more

Euro area annual inflation rises to 2.6%

Overview Euro area Annual inflation is expected to reach 2.6% in May 2024, up from 2.4% in April according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, the services sector is expected to have the highest annual rate in May (4.1%, … Read more

Pound Sterling jumps against the euro and dollar after British inflation exceeds expectations

BOE

Image © Adobe Stock The pound-to-euro exchange rate reached its highest level since March, at 1.1736, after UK inflation fell to an annual rate of 2.3% in April, a figure higher than the market and the Bank of England had expected (2.1%). The all-important and much-watched component of inflation in the services sector was noticeably … Read more