Foreign Exchange
Holidaymakers stay closer to home in favour of sunshine and value
A nationwide foreign currency provider has released new statistics which reveal that UK holidaymakers are shunning long haul destinations in favour of short haul, cost effective holidays in Eastern Europe.
Property owners abroad looking to sell are struggling with foreign markets
As the recession takes its toll, many Brits with second homes abroad are being forced to sell up and return home.
Travel FX debuts in top half of Sunday Times Fast Track 100
Mail order holiday money company, Travel FX, has earned an impressive 34th spot in the Sunday Times Fast Track 100 unveiled this weekend.
Brits paying millions to send money overseas
Brits are paying over £150 million a year in bank fees when transferring money abroad, according to a report published by Travelex.
Sterling surges as UK economy returns to growth
Andy Scott, premier account manager at foreign currency exchange brokers HiFX, comments: "Sterling gained across the board Wednesday after the release of much better than expected GDP growth figures for the 3rd quarter which showed the economy grew at 1%.
Barclays enhances foreign exchange iAlert tool
Barclays has announced the launch of its enhanced foreign exchange (FX) iAlert tool, now optimized for smartphones and tablet devices.
Holiday-makers and Eurozone continue to benefit from British buck
British spending power in Europe increased by 35% in 2012 according to my Travel Cash prepaid MasterCard and looks set to remain strong for Brits who want to escape the autumnal weather this half-term.
Ryanair launches foreign exchange services on ryanair.com
Ryanair has announced a partnership with foreign exchange specialists, Moneycorp, which will allow Ryanair’s UK passengers to access currency exchange services through the Ryanair.com website, have their currency delivered straight to their door and make huge savings on their transactions.
Post Office expands travel money card range
As part of a major expansion in the scope of its pre-paid Travel Money Card Plus, Post Office Travel Money has introduced five more currency cards.
Foreign currency no longer dominating the nation's holiday wallets
Research from Clydesdale and Yorkshire Banks has revealed a change in holiday spending habits, with foreign currency no longer dominating the nation's holiday wallets.
Euro set to decline further due to Spain and weakness of the economy
Andy Scott, premier account manager at foreign currency exchange brokers HiFX, comments: "The Euro had seen a strong recovery over the last few weeks following the ECB's announcement and the German court decision on the country's involvement in the European Stability Mechanism.
Are you a dinosaur with foreign exchange dealing?
Are you a dinosaur when it comes to transferring money across international currencies?
Generous Poles send £3 billion home a year
Polish migrants are earning up to four times as much in the UK as they would at home, with a large proportion of the 400,000 plus UK-based Polish community sending their hard earned cash back to Poland to cover the cost of their family’s monthly rent or mortgage, a survey has found.
Sterling gains mean good deals for holidaymakers
Sterling has gained value on seven out of the top ten currency destinations since last summer, which is great news for Brits travelling overseas this summer.
Barclays Pingit goes international
People will be able to send and receive money across international borders instantly, securely and fee free*, simply by using their mobile number for the first time using Barclays Pingit, launching in the coming days.