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
Ahmed Habib ki Baitiyaan The plot revolves around a businessman widower Ahmed Habib and his three grown-up and highly educated daughters, Ayesha, Aiza and Sara. Liberally brought-up, the daughters are all of independent mind, but when they finally settle down, each has her own cross to bear. The play revolves around the decisions they take in life and the sufferings caused because of them. Writer:
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by Adam Solomon Sterling / Euro and US Dollar exchange rates The Pound maintained a strong finish to the year against the Euro, rising through major resistance at 1.20 and recording a fresh 11-month high before consolidating below the level by the close of trading. The UK currency also pushed to a high above 1.5750 against the U.S Dollar, equaling the highs of this month. However, a rapid recovery in the Dollar saw the Pound retreat back below 1.57, as swings in risk sentiment continue to...
by Adam Solomon Sterling / Euro and US Dollar exchange rates The Pound pushed sharply higher against the U.S Dollar yesterday with a peak around 1.57, as the U.S currency lost ground on the revival in risk appetite, which increased demand for the higher-yielding assets. The latest consumer confidence reading remained close to the record lows with a December reading of -33. Confidence fell this month to the lowest level since the depths of the 2009 recession, as pessimism about the UK economy...