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News Tag: exchange rates

August 21, 2009

Which? Money warns sterling is still “plodding”

by David Masters
Which? Money warns sterling is still
The price of sterling is "creeping up" against foreign currency, but is yet to rise significantly, Which? Money has observed. Dan Moore, senior researcher at the consumer rights group, said the increase in British manufacturing output and the emergence of Germany, France, and Japan from recession have strengthened the pound. However, for the average holidaymaker, the pound is "still plodding along", and ...

August 5, 2009

Post Office launches overseas money transfer service

by David Masters
Post Office launches overseas money transfer service
A new international money transfer service launched this week by the Post Office aims to make overseas money transfers "significantly easier". The Post Office Overseas Property Money Transfer provides protection against fluctuating currencies by enabling customers to fix the exchange rate on money transfers for up to 12 months. Money is exchanged at competitive rates with 0% commission and no hidden charges, ...

April 20, 2009

CaxtonFX expects sterling’s rise to continue

by David Masters
CaxtonFX expects sterling's rise to continue
Sterling started its fight back against the euro and the dollar in recent weeks, and analysts at CaxtonFX expect this trend to continue. Currency exchange provider CaxtonFX pointed out that last week's stock market rallies and a 5% rise in the FTSE 100 banking index caused sterling to rise to €1.13 and above $1.50. By comparison, the group expects the euro and the ...

April 7, 2009

Post Office and Nationwide cards best for international travel

by David Masters
International travellers are best to opt for the Post Office Platinum credit card, according to research by moneysupermarket.com. Debit card holders, meanwhile, are advised to choose the Nationwide FlexAccount. The price comparison website said the Post Office's card offers free purchase protection, no overseas charges, and zero percent on purchases for three months. "This is a far better prospect than other ...

April 2, 2009

Weak pound makes for picky holidaymakers

by David Masters
Weak pound makes for picky holidaymakers
British holidaymakers are becoming more picky when choosing a destination for their break to make sure they are getting the most for their money. Research by M&S; Money found that more than a third (36%) of British tourists look at currency exchange rates before making a choice on their holiday destination. As such, the falling value of the pound against the euro has ...

February 10, 2009

Pound’s rally continues despite rate cut

by David Masters
Pound's rally continues despite rate cut
The pound's rally against the euro and the dollar has not been dampened by last week's 0.5% base rate cut, according to currency analysts. Marc Cogliatti, a currency strategist at HiFX, said the pound has strengthened almost 12% against the euro since the start of this year, despite two base rate cuts. Cogliatti said: "The decision by the Bank of England to cut ...