The honeymoon period with the new Conservative government is over.
Sterling enjoyed a brief rally this summer, with a 2% rise against a basket of currencies of the UK’s major trading partners and rose around 9 cents to hover just below the USD $1.60 mark.Sterling has managed to perform relatively well because of the inherent weaknesses of other economies; the Euro was held back (the Greek economic crisis) and the US dollar has been suffering against every other major economy in the world as it struggles to shake itself out of the effects of recession.Now...
The UK National Statistics Office has reported that overseas spending by British holiday makers has dropped by 10%. However, at the same time, spending in the UK by foreign tourists has increased by 4%.
The UK was once regarded as the “workshop of the world”, and exports still account for a substantial portion of UK manufacturing and commercial activities today.
Transacting business overseas is a valuable commercial hedge against adverse market conditions at home as well as a mean of providing highly profitable opportunities to generate business growth.
Shop Around for Best Value Currency Exchange When Leaving the UK
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It’s that time of year again. The snow has started falling in northern countries, friends are gathering together to exchange presents, and it’s time to launch a beautiful new annual theme for WordPress. Hello World, Twenty Fifteen is here. Twenty Fifteen is all about the details. Everything you publish is elegantly set in Noto Sans and Noto Serif, keeping the design harmonious and balanced in multiple languages around the globe. That polylingual pixel perfection is matched by...
With the struggling Russian Ruble a hot topic at the moment, Russia is blaming falling oil prices and western sanctions for the pressure on their currency. The fact however remains that at its low the Russian Ruble lost approximately 90% of its value compared to levels in March this year. The past few days have seen some recovery and is now approximately 40% lower. This has widespread currency impact from locals panic buying American Dollars* to large foreign exchange retailers such as...
http://www.youtube.com/watch'v=i31cmVc09RA The big news yesterday and overnight was the 9% fall in the Russia ruble and the 6.5% rate hike from the central bank aimed at stemming the flow.The big figures fell like dominos as USDRUB climbed to 64.23, at which point the exchange in Russia stopped making prices as we were limit high ? it's a worrying day when almost 10% of the value of the world's largest country is wiped out. The central bank had to act and it lifted rates aggressively from...