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
Let's say you found your perfect investment. You are absolutely sure this stock or currency pair is going to skyrocket and do wonders for your portfolio. There is just one problem ? it's currently overpriced and you want to buy it when it's cheaper. Or pretend that you are ready to sell one of your investments, but only if the price reaches your target. Is there a way to control purchase and sale price' Absolutely ? using limit orders allows you to do just that. What is a Limit Order' A limit...
The USD/INR is trading at 62.30 after the Rupee gained on the USD. The U.S. dollar has been gaining against major pairs after the the Federal Open Market Committee (FOMC) statement tripped the currency. Federal Reserve Chair Janet Yellen undid some of the damage with her speech on Friday. European data has deflated the EUR/USD and given the USD the traction it had lost. India continues to impress as it has gained accolades from economic think thanks and international organizations alike. The...
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TheÂ euro demonstrated massive losses onÂ Tuesday with not-so-good economic data, theÂ continuing problems inÂ Greece andÂ theÂ economic stimulus from theÂ European Central Bank. TheÂ shared 19-nation currency was set toÂ have its worst quarter inÂ theÂ history.(...)Read the rest of Euro Logs Massive Drop on Tuesday (107 words) Posted on Forex News.