Foreign Exchange
Pound stunted against dollar despite UK growth
Data revealed today showed that the UK GDP for the first quarter has been revised to 0.3%, after an initial estimate at 0.2%.
Fans heading to South Africa urged to watch card fees
England fans visiting South Africa are set to spend around £135 million during the World Cup but fans could be hit by punitive foreign exchange fees unless they are careful about their spending in the ‘Rainbow Nation', Santander has warned.
New US Dollar and Euro offers from Abbey International
Abbey International has launched two new US Dollar and Euro deposit services to create a broad based combination of account options. The new packages offer competitive 12 month Fixed Deposit Contracts, easy access to funds via the Abbey International Gold account and the exclusive benefits of a Visa Infinite card.
Will emergency budget breathe life into sterling?
Focus for some time now has been centred on the troubled fiscal state of the UK economy. Sterling has been in limbo this past week or so, with investors awaiting news on potential spending cuts.
FX clients capitalise on market volatility
FX clients have relished the recent market volatility with week-on-week record trading volumes via BARXdirect: FX from Barclays Stockbrokers, culminating in last week seeing the largest number of clients active in any one week period, and the largest number of trades being processed since the platform was launched over two years ago.
Sort your holiday finances early or you could end up getting stung
Analysis by moneysupermarket.com shows that by doing a bit of financial preparation before going abroad this bank holiday, UK travellers could have an extra £94.00 to splash in the sun, especially important this summer as sterling struggles against the Euro and the US Dollar.
UK football fans unaware of cash limit of entry to South Africa
More than 460,000 Britons visit South Africa every year and thousands more will be going this year for the Football World Cup next month.
ConDem Nation sees sterling rise
The currency market has been stuck in limbo over the past few days, following the indecisive nature of the electoral result.
New currency card texts owner when travel money runs low
Holidaymakers and overseas travellers need no longer risk running out of foreign exchange, thanks to a clever currency card which sends its owner a free text message alert when it runs low on money.
Keep your festival cash safe this summer
With the current trend in overseas festivals, more and more music lovers are heading abroad, tents in hand, to one of the many international music festivals.
Hung parliament sends sterling to gallows
After months of speculation, it appears that the pollsters have called it and the UK looks set for a hung parliament.
Sterling falls to 12 month low as hung parliament beckons
Sterling nosedived in trading this morning after reports suggested that no main political party had been able to establish a sufficient majority and that a hung parliament was the likely outcome of 2010's general election.
Euro plummets to fresh lows against basket of currencies
The euro's woes continued this afternoon after it plummeted against a basket of currencies, tumbling to a 14 month low against the US dollar ($1.2738), a 6 month low against the British pound (1.1846) and a lifetime low against the Swiss Franc (1.4147).
Main test to sterling will come after the election
Sterling has been buoyed this morning against the euro as investors shy away from riskier assets, concerned over the sovereign debt crisis in the Eurozone. Despite the risk of a hung parliament outcome in the UK polls tomorrow, there has been little pressure on the pound this morning.
British holidaymakers loosen the purse strings
While less Brits have taken holidays abroad so far this year , volumes of foreign currency have increased, indicating renewed confidence in consumer spending when travelling abroad, according to the latest American Express Global Foreign Exchange Services Currency Index.