Foreign Exchange
Sterling recovery and winter sun deals boost long haul prospects
The Far East looks unbeatable value for winter sun trips according to the latest annual Long Haul Holiday Report from Post Office Travel Services.
Aussie Dollar to hit parity with US Dollar, predicts analyst
The Australian dollar is on track to achieve parity with the US Dollar in 2010, according to city analyst Duncan Higgins, of currency broker Caxton FX.
The collapse of sterling
Peter S Ellis, CEO, Foreign Currency Direct: Markets are created by opposing views of buyers and sellers, now for the first time in a long time they all seem to agree. When that happens you can expect seismic shifts in currency values and fortunes to be made and lost.
Dollar takes a dive against euro
With the US Dollar falling to a one-year low against the Euro, and the pound also falling again this year, travellers should look for the best ways to make their holiday money go significantly further.
One year on and no change, as parity fast approaches
City analyst Duncan Higgins, of currency broker Caxton FX, warned today of possible parity between sterling and euro as the pound plunged this week, slumping 6% against the euro in one month and equaling its lowest point in five months (€ 1.1012.)
Don’t leave foreign exchange transactions to last minute
Small shifts in foreign currency exchange rates are common and happen in short spaces of time. However, over the past few days sterling has dropped off steadily by over 2%, according to World First.
Falls for Sterling show economy still under pressure
The latest HiFX Global Currency Moves Report reveals Sterling fell against all major currencies last month indicating that the rallies enjoyed in June and July are over.
Sterling falls against both the euro and US Dollar
Bullish global equity markets were unable to prevent the pound from falling to an 11-week low of €1.1461 yesterday before eventually closing at €1.1475. Sterling remains at a low of €1.460 this morning.
Sterling rallies following positive CPI figures
Sterling rallied this morning following unexpectedly positive CPI figures released today. Whilst economic experts had anticipated inflation rates would fall to 1.5%, their steady hold at 1.8 per cent was widely welcomed by the markets.
Currency swings cost British industry dear
New research reveals that the single biggest challenge for small businesses that import or export overseas is losing out on exchange rate fluctuations (29%). In contrast, just 17% of smaller companies claim to have benefitted from exchange rates working in their favour.
FairFX.com calls on travel money industry to clean up its act
Research out today from FairFX.com, the leading currency provider, exposes some of the practices which too often leave travellers facing unexpected costs.
Ten reasons not to use your debit card abroad
The number of banks charging customers for using their debit cards abroad has almost doubled, according to research by uSwitch.com, the comparison website.
Protect yourself with a good exchange rate
With the pound on a 10 month-high against the dollar, holidaymakers travelling to the States are being urged to consider fixing their currency exchange rate now. Over recent weeks, sterling has surged on the back of good economic news, including soaring shares and bank profits.
Stable month for Sterling against Euro
The latest HiFX Global Currency Moves Report reveals Sterling remained stable against the Euro in July with less volatility than in June - good news for holiday makers trying to budget for a trip to the Continent.
FairFX.com offers holiday makers $1.67 for every £1
As the pound surges to a ten month high, anyone travelling to the States in the coming months could benefit from getting some of their cash now, to lock in on the current rate of $1.67 for every £1 from FairFX.com.