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
Disruption in Cross-Border Money Transfer (Remittances) Disruption. I have a love/hate relationship with the word. I love what it means and stands for, however, I hate it when it is used as a misnomer. I digress. I had to get that in. For the past couple of months, I have very acutely been studying the business models of over 200+ money transfer companies. From the giants, to the new kids on the block, to the lone Mom & Pop store, trying to cling on for life and every variation in...
Employment, Retail Sales and Inflation Hurdles Cleared Ahead of December Rate Decision The USD appreciated against major pairs after the statement from the October Federal Open Market Committee (FOMC) was published on October 28. After two uneventful FOMC meetings in June and September there was little expected in October but the Federal Reserve was able to put the December meeting back on the table by issuing a hawkish statement. A positive view on the pace of growth of the U.S. economy,...
American consumer prices are the final domino for the Federal Reserve to Hike for First time in 10 years. The USD had cut a clear path head of the December 16 Federal Open Market Committee (FOMC). The October FOMC statement clearly put the December meeting as an important cross roads as Fed members jawboned the high possibility of a rate hike announcement. Fed Chair Janet Yellen called the December meeting a “live possibility†of a rate hike. A stellar employment report crushing...
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