Foreign Exchange
Sainsbury's Travel Money offers £5 money off voucher
Sainsbury's Travel Money is giving winter and festive holidaymakers a £5 money off voucher that can be used at Sainsbury's in-store travel bureaux until 31st January 2011 when customers buy £500 or more in foreign currency.
Virgin Money adds Euro and Dollar prepaid travel card
Virgin Money has added Euro and Dollar prepaid cards to their prepaid range. The cards are ideal alternatives to travellers cheques and safer than carrying cash.
Go miles more with Virgin Atlantic, American Express and Moneycorp
Virgin Atlantic, American Express and Moneycorp have teamed up to give travellers the opportunity to boost their Flying Club miles and benefit from commission-free currency exchange at major UK airports.
Property maintenance costs mount up for overseas homeowners
New research from Post Office International Payments has revealed that 40 per cent of overseas property owners admit they have needed to pay for unexpected maintenance costs they did not budget for.
New York triumphs in Christmas shopping guide
Sterling may not have quite the buying power it enjoyed in the heady days of two dollars to a pound, but the new Christmas Shopping Guide from Post Office Travel Money reveals there are still significant savings available on a long list of Christmas presents purchased in New York. With prices up to 53 per cent lower than in London, fashion victims can bag some of the biggest bargains, while parents can slash over 40 per cent off the cost of top toys.
Brits spend £21.5 billion on weekend breaks
British adults have collectively spent £21.5 billion on weekend breaks in the past 12 months, according to new research from Santander Cards. The findings reveal that six in ten (61 per cent) adults have been on at least one weekend away in the past year, spending on average £719 each on shopping trips, stag and hen dos and wedding weekends both home and abroad.
British holidaymakers return to 2009 favourites
British holidaymakers travelled to pastures known this summer, with 2009 favourites and long-haul destinations holding firm in 2010, according to a travel index released today.
Sterling gains after Quarterly Inflation Report
The Bank of England's updated inflation and growth forecasts for the UK economy suggests that inflation is likely to remain above target during 2011, but will eventually fall back towards 2%.
Post Office favourite for Foreign Exchange and Travel Insurance
The UK public has once again named the Post Office as its favourite travel insurance and foreign exchange provider at this year’s prestigious British Travel Awards.
Sterling rallies as “QE2” fears sink
News that UK economic growth is double the expectation in the 3rd quarter has tempered expectations of additional quantitative easing by the Bank of England sparking a rally for Sterling.
Switch your FlexAccount card for a Caxton FX card and get a fiver
If you're heading off abroad, bypass Nationwide's new charges by using a Caxton FX currency card. From 1st November 2010, Nationwide will start charging their FlexAccount customers a fee of 2% of the value of any transaction abroad and a further £1 fee for cash withdrawals from overseas ATMs.
Drop in UK retail sales furthers pound’s decline
Raising the spectre for quantitative easing, UK retail sales posted a surprise fall of 0.2% over the month in September, following on from August's 0.7% decline.
Sterling at its weakest against the Euro for six months
Sterling dropped below 1.1300 against the Euro for the first time in 6 months this morning as Markets digest the prospect of further Quantitative Easing in the UK.
UK appetite for holidays undiminished
Latest research from the Post Office has found that the UK’s appetite for travel is still going strong, with 84 per cent of people planning trips away in the next 12 months. However, with finances still front of mind for many UK holidaymakers, Post Office Credit Cards is advising travellers how they can best avoid fees imposed by some travel credit card providers when using their travel credit cards overseas.
Sterling set to challenge the Dollar in a race to the bottom
By this time tomorrow, we will all know the extent on the Public Sector cuts in the UK. However, from a currency perspective, HiFX believe the release of the Bank of England minutes from their October meeting are likely to be far more influential.