Foreign Exchange
Sterling’s rally capped by slowdown in UK services activity
Data this morning showed that growth in the UK services industry moderated slightly in July with the index dropping back to 53.1, its lowest level since June 2009.
Holidaymakers to the Eurozone gain more spending money
The strengthening pound will give holidaymakers a much needed boost in their spending money this summer yet many are squandering this by not getting the best deal on their exchange rate, according to new research from Currencies.co.uk, the specialist currency broker (formerly known as Foreign Currency Direct).
Get more from your travel money this summer holiday
UK families could pay twice as much for some beach holiday items in some European holiday destinations, according to the Post Office Travel Money’s new Family Holiday Report.
Brits to waste money on unnecessary foreign exchange fees
Britons holidaying abroad this summer are on course to pay out more than £49 million pounds in unnecessary foreign exchange fees, new research by Santander Cards has revealed.
Airports a black hole for travel money
Things are looking up for UK tourists planning summer trips to the eurozone as sterling has rallied by 7.8 per cent since it sunk to a low for 2010 in March and is now worth almost three per cent more than a year ago – meaning good news for hard-pressed UK holidaymakers looking for good deals on their travel money.
Short haul is back for British holidaymakers
British holidaymakers are reigniting their affair with Europe, as an increase in demand for several European destinations indicates trending that Brits are returning to the continental short break, which was popular before the recession.
Pound enjoys a boost from positive UK growth data
Sterling jumped instantly as the preliminary GDP figure for Q2, beat market expectations.
Sterling plunges as UK public borrowing rises unexpectedly
Sterling plunged this morning after the Office for National Statistics announced that public sector net debt rose to £14.5 billion, a record 63.9% as a percentage of GDP.
M&S Travel Money prepares for big summer getaway
With many state schools in England breaking-up for the summer this week, this weekend (24th July) will be when many families head off on holiday.
Brits to pay for their holiday on a credit card
Over five million Brits travelling abroad this summer plan to fund their trip on a credit card, according to research by moneysupermarket.com.
The great exchange robbery - Airports a black hole for euros
Things are looking up for UK tourists planning summer trips to the eurozone as the pound perked up and reached a 20-month high against the euro this week.
Getting the best deal on your travel money
With school holidays fast approaching and holidaymakers keen to make every pound stretch, analysis by moneysupermarket.com shows that it really does pay to spend time researching your travel money options before going abroad.
Fall in UK unemployment boosts sterling
According to data released this morning, people claiming unemployment benefit has dropped. The figures showed that 20,800 fewer people claimed in June, a slight improvement on expectations but marking a smaller drop than was seen in May.
10 day holiday countdown starts today
Today (14th July 2010) is expected to be one of the most popular shopping days of the summer as parents in England prepare for the family holiday getaway.
Sterling rises after UK CPI data shows inflation easing in June
Sterling rose against the US dollar in trading this morning after UK CPI data showed the annual rate of inflation at its lowest since February this year.