Foreign Exchange
Bank customers getting a raw deal when transferring money overseas
New research from Andrew Hagger of Moneycomms reveals that high street bank customers are paying a heavy price when it comes to sending foreign payments overseas.
Flexible friend saves over 50s money on foreign exchange fees
Saga Platinum credit card customers made the most of their holiday this summer, as they saved an estimated £1.5 million in foreign exchange fees when using their Saga Platinum Credit Card this year.
M&S Bank urges holidaymakers heading to Iceland to plan ahead
M&S Bank is urging holidaymakers heading to Iceland this winter to plan their holiday money in advance, due to shortages in Icelandic Krona across the industry.
Pound surges against Aussie dollar just in time for Test Match
Cricket fans heading down-under for the Test Match are getting more Dollars for their Pounds compared to six months ago, according to research from Sainsbury’s Bank Travel Money.
October tops travel spend league table
Travellers are shunning the traditional peak holiday season to make October the busiest month for cash withdrawals abroad, according to figures from Norwich & Peterborough Building Society.
Bali leads Far East charge in long haul holiday value chart
After three years at the top of the best value rankings, a 45 per cent price rise in Sri Lankan resort costs means that the Indian Ocean destination has lost its crown to Bali and dropped to fifth place in the sixth annual Post Office Travel Money Long Haul Report.
Dollar strengthens after Fed minutes
The minutes from the Federal Reserve's meeting this month, so eagerly awaited by the market for clues as to when or by what amount the market committee might decide to reduce the monthly bond purchases provided very little clarity.
Sterling plunges as Carney links monetary tightening to unemployment rate
Sterling fell across the board this morning after the Bank of England's quarterly inflation report during which the new Governor of the Central Bank issued forward guidance specifically in relation to when interest rates would rise.
The benefits of using credit and debit cards abroad
As families get ready to pack up their bucket and spade for the peak holiday season, The UK Cards Association has pulled together guidance on using debit and credit cards abroad to help them get the best value for money when spending abroad.
Sterling buoyed by strongest Service Sector activity since 2006
Sterling made healthy gains Monday morning following the release of yet another better than expected purchasing managers index for last month.
Last minute holiday cash will cost a lot more
Sterling’s slide against the euro and other currencies already means families could face higher prices on overseas holidays this summer.
Holiday travellers risking their money
Holidaymakers have yet to take to using pre-paid travel currency cards for their holiday money.
Cashless on the Continent
Research conducted by my Travel Cash has shown that almost one in four Brits (23%) has been marooned abroad without access to cash.
M&S Bank launches exclusive card holder travel money offer
M&S card holders can take advantage of exclusive rates on euros and US dollars purchased from M&S travel money this summer, with discounted rates available on any amount throughout July.
Sterling jumps as economy picks up pace
Sterling made broad gains across the board Wednesday morning following the release of much better than expected service sector data for June, spurring hopes that the economy may finally be starting to recover.