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
TheÂ euro bounced today after theÂ initial drop asÂ some economic indicators released from theÂ United States were not asÂ good asÂ dollar bulls were hoping for, reducing theÂ shine ofÂ theÂ US currency.(...)Read the rest of Euro Bounces as US Indicators Disappoint (109 words) Posted on Forex News.
PakWheels.com successfully delivered the 3rd Annual Islamabad Auto Show, at the Fatima Jinnah Park. The event began at 11:00 AM and the closing ceremony began at 7:00 PM, to continue till late in the evening on Sunday, 23rd November, 2014. It turned out to be the biggest auto-event in the history of Islamabad, featuring a static display of more than 300 exclusive vehicles, including vintage cars, classic cars, 4Ã—4 Off-roaders, exotics, sports cars, bikes and much more. This was a...
TheÂ euro has been performing decently forÂ theÂ most part ofÂ theÂ last week but ended theÂ week onÂ aÂ sour note after comments fromÂ theÂ central bank. Can theÂ currency recover orÂ will it drop toÂ new lows' That is theÂ question many Forex market participants are looking anÂ answer for.(...)Read the rest of Outlook for Euro: Bears Wait for Downtrend Resumption (221 words) Posted on Forex News.
TheÂ New Zealand dollar attempted toÂ rally against its US counterpart but failed andÂ trades below theÂ opening level right now. AtÂ theÂ same time, theÂ currency managed toÂ maintain gains versus theÂ Japanese yen.(...)Read the rest of NZD Fails to Rally vs. USD, Keeps Gains vs. JPY (71 words) Posted on Forex News.