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
First, I should note: I am not related to Jennifer Armstrong. But! I have followed her writing closely over the years â€” first during her years at Entertainment Weekly, and more recently as the author of books like Mary and Lou and Rhoda and Ted (Simon & Schuster), which offered a definitive history of the classic TV series. Her blog also happens to be a must-follow on WordPress.com: She gives glimpses into her current work (she's doing a Seinfeld book next) and she's refreshingly...
TheÂ euro ended Friday virtually flat against theÂ US dollar andÂ theÂ Japanese yen while against theÂ Great Britain pound theÂ currency closed below theÂ opening level but trimmed most ofÂ theÂ daily loss.(...)Read the rest of Euro Ends Session Almost Flat After Volatile Trading (127 words) Posted on Forex News.
CAD rate cut â€œbuyâ€™s us timeâ€ Need time for lower oil prices to have impact BoC to wait on sidelines Higher crude temporarily supporting CAD Governor Stephen Poloz at the Bank of Canada (BoC) said nothing to upset the market balance in his speech in London this morning. The governor has been criticized by various sections of the market about miscommunicating the bankâ€™s message over the previous two months. In January, he surprised markets by cutting interest rates...
TheÂ euro sank today, losing most ofÂ its weekly gains versus theÂ US dollar andÂ erasing theÂ weekly rally against theÂ Japanese yen completely. TheÂ currency fell even though macroeconomic news from Germany was positive.(...)Read the rest of Euro Loses Weekly Gains (103 words) Posted on Forex News.