Foreign Exchange
Heathrow flies below parity on Euro
Travellers flying from Heathrow could find buying their holiday money comes at a hefty price tag. New analysis from FairFX.com reveals anyone buying foreign currency from Heathrow Airport will get less than parity at just €0.9831 to £1.
Holiday makers enjoy cheap deals
British holidaymakers are taking advantage of a huge range of last-minute travel deals and discounts, and are fleeing the UK in response to the coldest winter weather conditions experienced in over a decade believes Sainsbury's Finance.
Bank accounts "all black" for British expats
At a time when record numbers of Brits are emigrating to Australia to escape the UK's gloomy weather, and even gloomier economic climate, new research by Foreign Currency Direct reveals that Poms living "Down Under" are enjoying a far lower cost of living than Brits who have settled in the other top 10 expat hot spots.
Costa too much?
A staggering number of Brits have opted out of the annual holiday in Spain this year. Research released by Spain’s tourism ministry yesterday showed 148,000 fewer Britons visited the country last month compared with January 2008 – a fall of around 20.5%.
New service to help take the sting out of owning property abroad
Online payments provider Ivobank has launched a competitive new product to help overseas property owners pay bills and transfer money abroad cheaper and easier.
HiFX launches new Online International Money Transfer service
HiFX, the foreign exchange specialist, has launched an innovative Online International Money Transfer service which could save the five and a half million Brits living or working abroad over £1.65bn a year on their international money transfers.
FairFX.com and Matalan offer holidaymakers a free fiver
To help Brits make the most of their holidays this year, FairFX.com is offering Matalan Reward Card holders a free prepaid currency card (normally costing £9.95) loaded with £5 to help them stretch their holiday spending money even further.
Sterling charges ahead against major currencies
Following yesterday's interest rate decision from both the Bank of England and the European Central Bank, Sterling has begun a climb back up against a basket of major currencies by gaining almost a whole percentage point since yesterday afternoon.
Rate cut unlikely to halt Sterling rally
Marc Cogliatti, Currency Strategist at foreign exchange specialists HiFX comments on the news that the MPC have cut UK interest rates by 0.5% to 1.00%: "Today's decision by the Bank of England to cut interest rates was widely anticipated by the market and thus there was no negative impact on the UK currency.
Base rate drops help Sterling rally
Commenting on the Pound's recent rally, Stephen Heath, Chief Executive of FairFX.com, said: "There appears to have been a change of sentiment towards the Pound. Sterling is fighting back despite the base rate cuts, and today alone the Pound has strengthened from a low of $1.4365 to over $1.4650.
A ray of light for sterling?
David Lamb at No1 Currency: This week has seen pound pull away from multi year lows against the US$ as a degree of risk appetite has returned to financial markets.
Sliding Sterling bucks the trend rallying against the US Dollar
Sterling has today rallied back to its highest against the US Dollar in over a week - having hit $1.43 this morning – with this pattern set to prevail for the next few days, according to foreign currency specialists FC Exchange.
Is this the end of sterling?
With sterling hitting 23-year lows against the dollar and moving towards parity once again with the euro, it has not been a good week for the Great British pound.
Sterling in biggest freefall ever against dollar
Today has seen Sterling fall to its lowest against the US Dollar for 25 years – hitting $1.35 - and is set to plummet further by the close of markets today, according to foreign currency specialists FC Exchange.
Pound trades against Dollar at lowest levels since 1985
Commenting on the Pound's fall against the Dollar, Stephen Heath, Chief Executive of FairFX.com, said: "Sterling has continued to collapse against the Dollar falling to just $1.35 to £1 earlier today, its lowest rate since 1985.