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 Reserve Bank of New Zealand held its policy meeting early on Thursday, getting plenty of attention from market participants. There were no surprises; the central bank left its benchmark at record low of 2.5%. Markets, though, turned bullish on the New Zealand Dollar largely on expectations of rate hikes in 2014. As things stand today, the RBNZ could be the first major central bank, if they take action. Certainly, that is the consensus. Alternatively, with heightened expectation, farther...
Natural talent is something that all potential forex investors crave. Knowledge and anticipation of how markets move is hard to come by and in truth, it is more of a natural talent than a learnt skill. In spite of this, natural talent alone is not enough and being successful in the markets requires hard work and dedication above all else. Regular forex education is essential if you want to improve the success rate of your trades. One simple way to boost your knowledge is to adopt a trading...
The Australian dollar dropped today after data showed that the unemployment rate increased despite strong growth of employment last month.(...)Read the rest of Australian Dollar Drops as Unemployment Rate Ticks Up (64 words) Posted on Forex News.The post Australian Dollar Drops as Unemployment Rate Ticks Up appeared first on Forex News.
The latest news about industrial output in the eurozone is weighing on the euro right now. The 17-nation currency is pulling back against some of its major counterparts, dropping as concerns about the economic growth of the region return. (...)Read the rest of Euro Takes a Hit After Industrial Output News (129 words) Posted on Forex News.The post Euro Takes a Hit After Industrial Output News appeared first on Forex News.