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 majority of investors want to wait and see what the Fed has to offer at next weeks FOMC meeting before taking the plunge. The rest have managed to invest in a not so quiet forex market, where a number of currencies are beginning to test their multi-year outright lows. Expect the US “token” taper to remain on the table, especially now that recent data is looking on the bright side, and this despite last months disappointing jobs report. That dismal headline print has been...
The EUR/GBP cross trading volumes have surged after the surprisingly strong UK sales data print Friday morning. Immediately after the release volumes were up +211% versus the monthly average. All the action has been with the pound as the 18-member single currency continues to dither near its 2014 range lows. Sentiment for the EUR remains bearish and markets sellers have been cheered by the limited recovery from it lows outright (1.3545-50), even after last week’s relatively soft NFP...
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FX-Foreign exchange are providers of online currency exchange systems for retailers, importers or exporters. We offer a facility to install our systems into your own web site, so that your customers can pay you, or you can receive payments, in foreign currencies. Your customers can use credit, or debit, cards. They can even opt to make a bank transfer to you. Full reconciliation Every time your customers make a transaction, you can view the transaction notification. You can also view a full...