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 Australian dollar was among the best performers on the Forex market this week despite the risk-negative sentiment. Both domestic and overseas news contributed to the currency’s strength.(...)Read the rest of Australian Dollar Ends Week Among Best Performing Currencies (112 words) Posted on Forex News.The post Australian Dollar Ends Week Among Best Performing Currencies appeared first on Forex News.
CAD hits six-week low with ease Neutral currency positions affects volatility Loonies fair value is where exactely' Markets may still be underpricing geopolitical risk to a certain extent, but no one has told that to the main commodity currencies as they continue to struggle. The Kiwi remains under pressure from Governor Wheeler at the RBNZ “dovish tightening” moves mid-week ($0.8546). He hikes and then tells “c’est tout” for now. His equal at the RBA,...
Eid-ul-fitr is coming and every Muslim is shopping for themselves, decorating their houses and preparing for eid to celebrate this eid with great happiness. In ours happiness we Muslims cannot forget our friends,relatives and other people around us. on Eid everyone exchange gifts and Eid cards and give Eiddi to the young ones.so, I have make some Eid cards on order of my friends… these are four in number. I am not make separate post for...
The Mexican peso rose today on speculations that the nation’s central bank will not cut interest rates further as the economy is expected to growth with an increasing pace in the future.(...)Read the rest of Mexican Peso Gains on Interest Rate Outlook (59 words) Posted on Forex News.The post Mexican Peso Gains on Interest Rate Outlook appeared first on Forex News.