Foreign Exchange
Sainsbury's prepaid currency card with no ATM fee
Approximately 11.3 million Brits have withdrawn the equivalent of £3.87 billion in foreign currency whilst they were abroad over the past 12 months, according to research from Sainsbury's Travel Money.
Exchange rate forecast for school half term getaways
There is good news for families planning half term transatlantic trips as sterling today hit an eight month high against the US dollar.
Sterling plays piggy in the middle leaving UK businesses in limbo
The pound is playing piggy in the middle between a falling US dollar and surging Euro leaving British importers and exporters in limbo.
Sterling tumbles to a five month low against the euro
Sterling slumped to a five month low against the euro this morning after UK claimant count rose and UK consumer confidence fell 9 points to 53, its lowest level in a year.
Don't be caught out in the cold with your travel money
With half-term only a few weeks away many Brits will be planning to escape to foreign climates, but following last week's collapse of foreign exchange website Crown Currency Exchange, moneysupermarket.com urges all holidaymakers to choose their holiday money carefully before travelling.
High inflation fails to support sterling’s gains
Despite UK inflation meeting expectations and remaining steady at an annualised 3.1% in September, the 10th consecutive month above the Bank of England's target has failed to translate in sterling's favour.
Sterling given a glimmer of hope by UK production figures
After sliding to a five-month low this morning, sterling has been given a slight nudge higher after UK monthly production figures stayed in positive territory.
Sterling slumps to a four month low
Sterling fell to a new record low this morning after British manufacturing activity was slower than expected in September.
Higher UK house prices lift sterling
Bucking what was fast becoming a rather discouraging trend, Nationwide this morning has reported a narrow rise in UK house prices in September.
AA Euro Prepaid Card with rewards
AA Financial Services has added The AA Euro Travel Currency MasterCard Prepaid Card to its growing portfolio, just in time for Autumn breaks across the channel.
Sterling drops as Bank of England ramps up stimulus rhetoric
Today, as the Bank of England continued to ramp up its stimulus rhetoric, Sterling has fallen by one per cent against the Euro to 1.1680 (close to last week's four month low) and the US Dollar (down to 1.5720).
UK holidaymakers too embarrassed to haggle
Recent research by travel agent sunshine.co.uk has revealed that over half of UK holidaymakers are too embarrassed to haggle over prices when making purchases with their travel money whilst on holiday.
Light at the end of the tunnel for weak pound
It's been a rough few days for sterling, which has dropped dramatically from its August highs of €1.22. However, as eurozone troubles refocus the market we should see the pound turn higher before year end.
Dovish MPC minutes furthers sterling’s slide
As was forecast, the August Monetary Policy Committee minutes revealed a vote of eight to one in favour of maintaining the base rate of interest at 0.5%. The downbeat tone of the report has put further pressure on sterling.
Holiday costs rise for travellers to Egypt
Holidays by UK travellers to Egypt have risen by 13 per cent over the past year, according to the latest International Passenger Survey carried out by the Office of National Statistics.