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Articles & Guides Money, Currency

Sterling Outlook - What's Influencing Forex Movements in the UK?

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...

National Statistics Office Reports 10% Drop in Overseas Holidaymakers Spending

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%.

Foreign Exchange Services for UK Businesses Overseas

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.

Dealing with Foreign Exchange Risk

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.

UK Travel Money and Currency Exchange Options

Shop Around for Best Value Currency Exchange When Leaving the UK

Disclaimer: MisterCurrency.com Currency Converter uses rates from various sources including central banks reference rates. The currency exchange rates shown are indicative rates.

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EXCHANGE RATES

1 GBP = 1.221 EUR

1.599	USD - U.S. Dollar
12.406	HKD - Hong Kong Dollar
1.581	CAD - Canadian Dollar
12.53	ZAR - South African Rand
2	SGD - Singapore Dollar
1.469	CHF - Swiss Franc
1.542	AUD - Australian Dollar
1.551	USD - U.S. Dollar
12.048	HKD - Hong Kong Dollar

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Brazilian Real Rises, Stays Near 2 per Dollar

The Brazilian real rose today, but stayed near the 2 per dollar level as the impact of the European crisis on currencies of emerging markets sapped strength of the Brazilian currency.(...)Read the rest of Brazilian Real Rises, Stays Near 2 per Dollar (69 words) Posted on Forex News.

Eurozone Bank Worries Send Euro Lower

Eurozone bank worries are sending the euro lower today, along with rises to funding costs. Uncertainties about what’s next for Greece and for the eurozone remains, and that is weighing on the euro in Forex trading right now. (...)Read the rest of Eurozone Bank Worries Send Euro Lower (152 words) Posted on Forex News.

NZ Dollar Near This Year's Low

The New Zealand dollar erased its earlier gains today as the potential Greece’s exit from the eurozone continued to spoil mood of Forex market participants. The currency traded near the lowest level this year.(...)Read the rest of NZ Dollar Near This Year’s Low (92 words) Posted on Forex News.

Pound to Euro, US Dollar exchange rate: The Pound remained largely unchanged against the Euro

The Pound remained largely unchanged against the Euro Sterling / Euro and US Dollar exchange rates The Pound remained largely unchanged against the Euro yesterday, hovering around the 1.25 level for the majority of the day. The UK currency declined significantly versus the U.S Dollar, falling below 1.59, as risk sentiment weakened in line with escalating concerns surrounding Greece and the Euro-zone debt crisis as a whole. In the UK, the latest unemployment data was stronger-than-expected...

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