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 CAD-CHF is a cross, which does not receive a lot of coverage. Not surprising, really, as other currency pairs are typically better instruments for trading. Either their daily ranges are more promising or the spread is more inviting. That second consideration, however, is not as forbidding as it used to be just few years ago. It is common for the CAD-CHF to be available with spread under 4 pips during the most active hours. Still, it is not the first choice for most traders, especially...
The euro has picked up where it left off last week, showing little movement as it trades quietly as we begin a new trading week. The euro jumped close to one cent on Thursday but has gone very quiet since then. In Monday's European session, EUR/USD is testing the 1.33 line. Will the pair break out and cross above this barrier' It’s a very light schedule to start the week, with today’s only release the US Pending Home Sales. US releases pointed in all directions last week...
Hello Everyone! Let’s start this post with a quick tip! Do you ever make wishlists' I do! Not only I make them but also sing them loud to my little family all the time that eventually results in me getting my wishlist items as gifts ^_^ Want something' Try the same trick all you need to do is select the items that you want and talk about them all the time; dinner table, family outings just don’t miss any opportunity haha. That’s my little secret that I shared with...
The Indian rupee advanced today after the nation’s central bank raised interest rates yesterday in order to address the exchange rate volatility and to support the weakening currency.(...)Read the rest of RBI Raises Rates, Rupee Stronger (57 words) Posted on Forex News.The post RBI Raises Rates, Rupee Stronger appeared first on Forex News.