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
We’ve launched themes especially for people planning and documenting their weddings, like the elegant themes Forever and Ever After, and the charming, playful Lovebirds and Blissful Blog themes. Here, we’ll take a quick look at how brides-to-be gather inspiration, how couples can share event details with their guests, and how folks in the industry — like wedding planners and photographers — showcase their work and exchange ideas within the community. Snapshots &...
EUR/USD has shown strong volatility in Tuesday trading. The pair has bounced back up after outstanding consumer confidence numbers out of Germany and the Eurozone. The pair was trading in the 1.3340 range. Market sentiment rose after the Eurogroup approved an additional installment of aid to Greece. In the US, Republican members of Congress announced they would table a proposal in Congress next week that would extend the debt limit until April. Today’s key release is US Existing Home...
The Swiss National Bank has been trying to weaken its domestic currency for a long time. With the exchange rate versus the Euro as target, the bank announced a floor of 1.20 in the EUR-CHF, vowing to defend it at all costs. That meant buying the Euros in ?unlimited quantities' for as long as necessary. Indeed, it has been a long time, as the price was stuck at or near this line in the sand for all of last year. However, it finally looks like these actions are paying dividends. On Thursday,...
Typically the popular backtesting software in the actual retail forex market can be MetaTrader 4 (MT4). You can use the program free of charge. Simply open a new demonstration bank account using the foreign exchange brokers promoting MT4. MetaTrader syntax is simple to understand, especially if you have knowledge about any other coding words. Wonderful courses as well as a beneficial neighborhood involving Mt4 supporters are available at their sites. Traditional currency trading files for...