Investline

Ovetii recently reported that the pound fell against the euro after an industry report showed mortgage approvals fell by a quarter in September, stoking speculation that the Bank of England will be forced to cut interest rates this year.

Ovetii have recently reported that derivative markets are showing that it's cheaper to exchange fixed- for floating- interest-rate payments over a two-year period in the U.S. than in Europe for the first time since April 2004.

In 2005 a revised bankruptcy code that no longer lets people walk away from credit card bills, came into being. However, Atlantis Financial say that this may not be as beneficial as it was initially intended to be.

According to sources close to the Valencia based firm, Atlantis Financial have recently reported that lenders are also posting huge losses as the easy money lending spree that fuelled the housing boom continues to unwind.