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
The euro climbed today, reaching the highest rate since October 2011 against the US dollar, after the European Central Bank made no effort to add monetary stimulus during today’s policy meeting. The currency failed to keep gains after ECB President Mario Draghi voiced concern about the exchange rate and signaled about a possibility of additional stimulus in the future.(...)Read the rest of EUR/USD Surges After ECB, Struggles...
The euro is listless in Friday trade, as EUR/USD remains stuck in the low-1.38 range in the European session. The pair showed little reaction to key US numbers on Thursday, as Unemployment Claims jumped while Core Durable Goods Orders hit an eight-month high. In the Eurozone, ECB head Mario Draghi said that the exchange rate was an important factor in the ECB’s monetary policy. On the release front, the week wraps up on a quiet note, with today’s highlight being UoM Consumer...
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Customers can exchange old cell phones with 3G supported new smart phones. Mobilink has launched Pakistan's first ?Phone Trade Program' enabling its customers to exchange their old cell phones with the latest 3G supported smart phones of their choice by paying the differential cost. The program is aimed at providing Mobilink customers with affordable access to 3G smartphones through a trusted retail channel for exchange of their devices. The newly purchased...