You may have noticed that currency brokers talk a lot about buying and selling foreign currency. But what do these terms mean exactly and what is the difference between them?
Lately we have encountered an increased number of clients seeking information about the methods of international payment available. So we decided to compile a blog post listing the options!
The bond crisis now threatens to envelop the euro zone entirely, and confidence in the common currency is not high.
Selling pressure on the euro is set to continue until the political situation inside Ireland is resolved, and German intentions toward investors in EU banks become clear.
Ireland’s opposition parties can improve market sentiment toward the country’s political situation by pledging their commitment to the austerity budget.
People that complain the UK has no reason to contribute to the Irish bailout fund are missing the bigger picture. By contributing to the rescue package George Osborne is protecting the British interest.
It was a turbulent day on the markets yesterday! Though EU officials had hoped that announcing an Irish bailout package would calm the markets and restore confidence in the euro, the opposite happened. Political uncertainty inside Ireland meant the markets were not reassured, and insurance rates for Portuguese government bonds rose to dangerous levels.
This morning the Irish Government announced that a bailout package with the EU-IMF had been agreed. However the announcement contained little detail, and the markets have not been reassured that the agreement will resolve the EU debt crisis.
In the last 24 hours the Irish Government has announced an €80 billion bailout package with the EU and IMF. However, the euro has not risen against sterling in spite of this announcement, and exchange rates have been stable.
When you are sending money abroad, there are many things you can do to make the process easier or to help make savings. One such way to achieve both of these things is to create a forward contract between yourself and the seller, ensuring you pay the price you want, regardless of exchange rates. The …