Foreign Exchange
High government borrowing figures add to sterling’s woes
Data this morning has compounded sterling's problems with public sector net borrowing recording a figure of £15.3bn in August, some way above forecast.
UK holidaymakers splash out on summer holidays
More than a third (37 per cent) of UK holidaymakers were planning to spend over £1,000 per person on their summer holiday this year, with an extravagant six per cent planning to spend £3,000 per person, according to TripAdvisor’s Summer Travel Survey 2010.
Make your overseas wedding funds go further
Weddings come with traditions and superstitions wherever they take place in the world. Caxton FX shows you why some should really be updated.
Weak retail sales put sterling on the back foot
The monthly improvement in UK retail sales seen over the past few months has come to an abrupt halt, with data this morning revealing a drop of 0.5%.
Rising debit card usage could be costly to travelling Brits
As consumers shun archaic payment methods for more convenient debit cards, Caxton FX warn that slipping into ‘default mode' and using your bank card whilst abroad is costing Brits £144m in unnecessary fees.
High rate of UK inflation fails to boost sterling
Running against the expectations of both the market and the Bank of England, UK inflation held at 3.1% in August, the data left GBP largely unaffected.
Families should shop around for best travel credit card deals
Many parents are concerned they could get stung by a variety of holiday ‘rip-offs’ – including charges on travel credit cards – according to Post Office Travel Money’s new Family Holiday Report.
Younger travellers admit to holiday overspending
New research from Mintel has revealed that over a quarter of holidaymakers aged 16 to 24 agree that they always spend more than they intend to while on holiday.
Brits sitting on a pile of unused foreign currency
British holidaymakers are sitting on a pile of foreign currency according to new research from Santander Credit Cards.
Credit cards hold hidden charges for holidaymakers
UK travellers are heavily reliant on their credit cards while on holiday, according to a new report. Throughout 2009, UK travellers spent £17.7bn on debit and travel credit card purchases abroad, and withdrew £7.8bn from overseas ATMs.
Brits sending money abroad for tuition fees are wasting £1000s
With tens of thousands of would-be students missing out on UK university placements this year, it's understandable that many are looking to head overseas for university.
Croatia beats off late euro surge to score summer sun success
As the new school term marks the end of a summer holiday season marred by travel company failures and strike threats, Croatia has emerged as the winning choice for holidaymakers travelling to Europe.
Positive Q2 GDP figure unable to lift sterling
Running against expectations, data this morning revealed that the UK's rate of economic growth in the second quarter was revised up to 1.2%.
Barclays predicts bumper spending as people flock abroad
Brits are expected to shun the UK's dismal weather in favour of sunnier climates this weekend as figures from Barclays indicate that August bank holiday weekend will produce the largest demand for overseas debit card spending and cash withdrawals this summer.
Kalixa waives internet banking and card replacement fees
Kalixa the prepaid MasterCard from Vincento Payment Solutions Ltd today announces that it will be waiving the fee for loads via bank transfer and the card replacement fee as of 1st August 2010.