Foreign Exchange
Threadneedle: Outlook for Sterling
Stuart Frost, co-fund manager of the Threadneedle Absolute Return Bond Fund, comments on the outlook for Sterling: "With a UK election imminent, it is inevitable that Sterling will become the focus of attention in the foreign exchange markets.
Sterling takes blows from trade deficit and Fitch credit warning
Data this morning has shown that the UK trade deficit widened by one billion pounds, more than had been expected in January.
Boost to business confidence as weaker pound fuels export hopes
Buoyant export markets, fuelled by a weaker pound, are helping to boost business confidence, according to the latest Lloyds TSB Corporate Markets Business Barometer.
Plummeting sterling finds some support on PMI figures
In trading on Monday, the UK currency suffered one of its worst days in recent months.
Sterling hits a 6 week low against the euro
Sterling hit a 6 week low against the euro this morning, after figures released showed a fall in UK mortgage approvals.
Unexpected UK growth fails to support sterling
Data this morning has revealed that the UK economy grew by 0.3% in the fourth quarter of 2009, an upward revision of 0.2%.
Brits save money by booking holidays direct
Holidaymakers saved themselves a collective £4.92 billion last year by cutting out the middle man and booking directly, new research from Santander Cards has revealed.
Mixed signals from UK housing
The UK market is presenting an increasingly complex picture so far in 2010, with gross mortgage lending at a 10 year low, according to the Council of Mortgage Lenders who represent the bulk of Building Societies.
Crunch your credit card this Easter break
With credit card interest rates being at their highest in twelve years, it’s important to plan your Easter holiday money.
Brits pay out unnecessary foreign exchange fees
Britons incurred a staggering £122 million pounds in unnecessary foreign exchange fees when using their credit card abroad last year, new research by Santander Cards has revealed.
Don’t get stung using expensive plastic abroad
Whether it's Valentine's Day in Paris or a half-term family trip to the Alps, many Brits may be thinking about escaping abroad over the next few weeks.
Let the cultural battle commence
New Post Office Travel Money research suggests that a combination of exchange rates and living costs may prove the deciding factor in a curious three-cornered fight to attract short break visitors between 2010’s European Cultural Capitals – Istanbul (Turkey), Pécs (Hungary) and the Ruhr Metropolis (Germany).
Rollercoaster currency rates sort holiday winners and losers
Thailand, last year’s ‘value’ option, is now one of the world’s most popular holiday destinations, according to Post Office Travel Money.
City Index launches new product for day traders
City Index, a global leader in Spread Betting, Contracts for Differences (CFDs) and margined foreign exchange, today launches ‘Day Trades', a new product which will give 50% reduced margins and 20% lower spreads compared to standard City Index Equities spread bet products on its 20 leading LSE listed shares.
Expats lose a small fortune when sending money home
Expatriates working in the UK and sending money back home are being stung by high exchange rates and huge transfer fees.