Foreign Currency Exchange and Overseas Payment Solutions

Time:   Date: 30/07/2010
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Foreign Exchange and International Payment Solutions
News The values of foreign currency can change considerably over a short period of time and although we cannot give you specific advice as to when to buy or sell currency we can arm you with information so you are able to make more informed decisions.
 
Our currency dealers write a monthly market commentary. This offers a summary of the latest currency headlines and why foreign exchange rates have moved, as well as information on forthcoming data releases which could influence the currency market.
 
 

Latest news headlines

 
 

29 July 2010

"Sluggish growth" expected from US economy

by Chris Alexander, head of investment strategy, BNP Paribas Wealth Management The Fed Beige Book provided a more mixed assessment of the US economy in the regions - perhaps best described as more 'sluggish growth'. The comment is in line with our view... Read more
 
 

29 July 2010

House Prices Decrease as Concerns about Recession Increase

Economists have forecast that prices may fall a further 20 per cent should confidence in the market not pick up. Average values fell 0.5 per cent in July, lowering the annual rate of decline to 6.6 per cent from 8.7 per cent the previous month, so the... Read more
 
 

29 July 2010

INFLATION COULD HELP UK RECOVERY SAYS ANALYST

The UK’s relatively high levels of inflation could help economic recovery, according to James Penn, an analyst at Thomas Miller Investment. Writing in the latest edition of Thomas Miller Investment’s quarterly Investment Newsletter, James Penn,... Read more
 
 

29 July 2010

House Prices Fall As Fears Of Recession Grow >

The average price of a UK property fell by 0.5% to £169,347 between the months of June and July, according to the Nationwide Building Society. Householder numbers dropped due to concerns about chancellor George Osborne's spending cuts. Nationwide said... Read more
 
 

29 July 2010

King predicts interest rates must stay low

Interest rates will have to be kept at record low levels while Britain's economic recovery still hangs in the balance, Bank of England governor Mervyn King warned. Warning: Mervyn King says rates will stay low for another four years WANT TO KNOW MORE?... Read more
 
 

29 July 2010

Recovery not inflation is priority - King

Filed under: Company , Debt , Economy , Budget 2010 , Banking , Creative industries Bank of England governor Mervyn King says he's more concerned about the strength of the recovery than keeping inflation low. There's also been another nod to keeping... Read more
 
 

29 July 2010

Bank of England's Mervyn King warns Britons to brace themselves for inflation next year

Comments Mervyn King conceded to a panel of MPs that the Bank was unlikely to meet its 2pc inflation target for the foreseeable future and there was no guarantee that economic recovery could be sustained. UK prices have consistently remained above the... Read more
 
 

29 July 2010

UK's Osborne says no deal with King on rates

George Osborne, arrives to speak at a news conference at the Treasury, in London July 20, 2010. Credit: Reuters/Anthony Devlin/Pool/Files Thu Jul 29, 2010 11:03am IST (Adds quotes, background) "There is no tacit agreement at all. He is absolutely... Read more
 
 

29 July 2010

Osborne says no deal with King on rates

Chancellor of the Exchequer George Osborne poses with a bronze replica of a bull during his visit to the Bombay Stock Exchange (BSE) building in Mumbai July 28, 2010. "There is no tacit agreement at all. He is absolutely independent, as is his (Monetary... Read more
 
 

29 July 2010

Osborne says no deal with Bank's King on low rates

NEW DELHI (Reuters) - Chancellor George Osborne on Thursday said there was no tacit agreement with the Bank of England's governor Mervyn King on keeping interest rates low.... Read more
 
 

Our market commentary

Go to Archive
 
 

05 July 2010

Foreign Currency Exchange markets react to budget

The new coalition government'™s budget was the primary focus in June and aggressive measures outlined by George Osborne to cut and reduce the huge national debt were welcomed by the financial markets pushing Read more
 
 

03 June 2010

Is this the beginning of a sustained recovery for sterling

May was certainly a roller-coaster of a month for the value of sterling. On some days we witnessed exchange rate swings in excess of 2%. To put this into context Read more
 
 

05 May 2010

What affect with the election have on currency exchange rates?

Clearly, Thursday's general election is the key factor affecting exchange rates this week and sterling has maintained a steady stance against most major currencies Read more
 
 

01 April 2010

What affect did the budget have on currency exchange markets?

Okay I am determined not to turn this currency commentary into political report. However we cannot hide from the fact that as a consequence of a looming general election (latest June) the value of sterling has been under pressure. Why? Well with political uncertainty comes Read more
 
 

09 March 2010

Politics affecting currency exchange market

Despite an upward revision of Q4 GDP sterling has lost considerable value against most currencies. The UK economy is estimated to have grown by 0.3% for the 4th quarter compared with Read more
 
 

03 February 2010

Pound hits five month high in currency exchange markets

Whilst the Christmas champagne may be a little flat by now, we learned a couple of weeks ago that the UK is finally out of recession, which might be Read more
 
 

12 January 2010

How has Sterling performed in foreign currency market

The final figure for Q3 GDP was released in December and unfortunately for sterling the UK economy contracted -0.2% causing the pound to weaken on the day. The market expectation Read more
 
 

01 December 2009

Foreign currency market update

Whilst the UK is the last remaining major economy still in recession the latest figures show GDP contracted by 0.3% which is 0.1% less than first thought. Also, earlier in the month Bank of England kept interest rates on hold at 0.5% and introduced an additional Read more
 
 

03 November 2009

Sterling ranges in Foreign Currency Exchange markets

October was a mixed bag for sterling as reports early in the month suggested a weak pound in the run-up to Christmas with the Telegraph talking about Read more
 
 

05 October 2009

How long will sterling remain weak in currency exchange markets?

If we are to believe recent business surveys then the recession in the UK appears to be coming to an end, and most economists are predicting modest growth in Q3. As you will be aware the Bank of England Read more
 
 
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