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Friday 13th December The pound (GBP) faced heavy selling pressure at the end of last week after the release of the latest UK GDP figures. The unexpected contraction in economic activity at the start of the fourth quarter took markets by surprise, raising fresh concerns

Efficient international payroll processes are becoming essential as more businesses continue to expand their operations globally. With employees spread across multiple countries, organisations need a reliable and streamlined way to pay their staff accurately and on time. Unlike managing payroll for local staff in the

Businesses are increasingly turning to overseas suppliers to access specialised products and services, lower costs, and support their growth ambitions. However, maintaining strong and reliable relationships with these global suppliers depends heavily on timely payments. Ensuring payments are made on time builds trust, enhances reliability,

Friday 29th November The pound (GBP) showed limited movement on Friday, as traders assessed the Bank of England’s (BoE) most recent Financial Stability Report. The BoE noted that, despite increasing global economic risks, UK household finances have remained relatively stable. The euro (EUR) held steady

Businesses around the world are increasingly engaging in cross-border transactions, partnering with suppliers globally to access a wider range of products, services, and resources. With the rise in international trade, businesses are more frequently working with overseas suppliers, enhancing their offerings and expanding their reach.

With the continual rise of remote working, more businesses are hiring talent from across the globe, allowing employees to work from any location. This shift has unlocked huge growth opportunities and reshaped traditional work models as businesses embrace the benefits of a global workforce. However,

As the world becomes more interconnected, businesses are increasingly hiring staff abroad to build international teams, expand their operations, and access global talent. However, managing payroll for a global workforce presents unique challenges that can complicate the process. International payroll requires careful navigation of different

An increasing number of businesses are now working with international suppliers, unlocking new trade opportunities and reaching a wider market. However, making payments to overseas suppliers is more than just a straightforward transaction, making security essential. Unlike domestic payments, international transactions introduce added layers of

Friday 1st November The pound (GBP) bounced back from its recent dip following the UK budget announcement, as market concerns began to settle. Reduced speculation on Bank of England (BoE) rate cuts, stemming from possible inflationary measures in the Autumn Budget, provided additional support for

As more businesses expand their operations globally, the need for reliable systems to pay overseas employees becomes essential. Unlike paying UK-based employees, handling international payroll brings its own set of unique challenges – from managing exchange rates, to ensuring employees are paid on time, to

Companies make thousands of cross-border transactions to international suppliers daily, but unfortunately, many of these payments encounter preventable mistakes. Issues such as long payment delays, unexpected fees, or even lost funds can have a significant impact on your business, disrupting supplier relationships and putting essential

As cross-border commerce continues to constantly expand, more business owners are seeking secure, reliable and efficient ways to manage their international transactions. Traditional payment methods like cheques and simple bank transfers have become a thing of the past, as they are often unreliable, costly, and

Managing payroll for overseas staff can be an extremely challenging task for many businesses in the UK. Businesses often face difficulties such as high transaction costs, delays, and unreliable payment systems when trying to pay overseas staff, which can disrupt operations and lead to dissatisfaction

Many businesses need to make overseas money transfers to suppliers abroad, and in addition to the challenge of finding the right payment method, there are also currency exchange risks. Also known as foreign exchange risk, these risks can affect transactions involving fluctuating exchange rates. Fluctuating

With more businesses expanding globally, employing remote workers, and engaging overseas contractors, the challenge of paying international staff is becoming increasingly complex. Unlike the straightforward process of paying UK-based employees through a simple bank transfer, handling international payroll involves navigating a range of additional complications.

Friday 27th September The pound (GBP) remained weak on Friday amid concerns surrounding the upcoming UK Autumn Budget in late October. Reports suggest Chancellor Rachel Reeves is reconsidering the scrapping of non-dom tax status, as it may not generate the expected revenue. This has led

Friday 30th August – The pound (GBP) traded within a narrow range at the end of last week, with no significant UK economic data releases to influence its direction. The euro (EUR) weakened on Friday after the Eurozone’s latest consumer price index was released. The

Thursday 25th July The pound (GBP) fell on Thursday as expectations for a Bank of England (BoE) rate cut grew stronger. Despite last week’s surprisingly strong UK inflation numbers and hawkish comments from BoE Chief Economist Huw Pill, most economists surveyed by Reuters still predict

Friday 28th June – The pound (GBP) struggled to gain traction on Friday, even though the UK’s final first-quarter GDP figures were revised upwards. The British economy grew by 0.7% in early 2024, surpassing the initial estimate of 0.6%. Despite this positive revision, Sterling faltered

Friday 31st May – The pound (GBP) weakened against several major currencies as the absence of new UK economic data left it vulnerable. However, a lack of new data also meant that it was open to losses.   In contrast, the Euro (EUR) gained strength

Friday 26th April – The pound (GBP) experienced fluctuations at the end of last week due to a lack of significant UK economic data, leaving Sterling without a clear direction. Additionally, ongoing speculation regarding potential interest rate cuts by the Bank of England (BoE) may

Friday 22nd March– On Friday, the Pound (GBP) retracted towards the end of the previous week following remarks made by Bank of England (BoE) Governor Andrew. Fresh off the heels of the BoE’s dovish interest rate decision earlier in the week, Bailey hinted at the

Friday 1st March– Friday saw fluctuations in the Pound (GBP) as market volatility exposed the UK currency. Contributing to this turbulence was the final British manufacturing PMI, which, despite being revised higher, still indicated a nineteenth consecutive month of contracting activity.   Similarly, the Euro

Friday 26th January – The Pound (GBP) exhibited a lack of clear direction in its trade, a scenario attributed to the absence of significant UK economic data. Notably, the currency was shielded from losses by an optimistic market sentiment prevailing towards the end of the

Friday 15th December – There was an initial surge in the Pound (GBP) driven by the UK’s service sector PMI surpassing predictions. Despite this, the Pound couldn’t sustain its momentum against certain strong currencies due to a deeper decline in UK factory activity, curbing its

Friday 1st December -Friday’s trade saw the Pound (GBP) navigating uncertain waters, experiencing fluctuations against stronger currencies following the release of the UK’s final manufacturing PMI. Although surpassing initial estimates, the PMI underscored a concerning trend, marking the ninth consecutive month of declining factory activity.  

Friday 27th October – The British Pound (GBP) meandered aimlessly on Friday due to the absence of significant UK data, leaving the currency without a clear course. Despite a series of feeble economic reports from the UK throughout the week, Sterling did manage to eke

It should go without saying that choosing to sell or buy an international business is not a decision that should be taken lightly. The process requires understanding, knowledge and detailed research, as well as a touch of expertise. While you certainly have some planning to

Friday 29th September – The British Pound (GBP) navigated a rather uncertain path, mirroring the end-of-quarter turbulence in the currency market. In an interesting twist, an upward revision in British GDP did little to bestow enduring strength upon the Sterling, with economists cautioning about the

Friday September 1st – On the previous Friday, the British Pound (GBP) experienced fluctuations as market sentiment evolved throughout the day. With a growing sense of caution among traders, the Sterling, sensitive to risk, concluded the day on a defensive note.   The Euro (EUR)

A secure, easy-to-use payment method to pay international invoices can make a huge difference to the efficiency of your company’s processes and to its bottom line. Given the many different options available, such as banks and third-party money transfer services, knowing how to pay overseas

For many successful small and medium-sized businesses based in the UK, the dream is to expand into the international market. With foreign exchange and international payment services like NewbridgeFX, achieving this goal arguably is easier than ever before. But there’s still much to take into

Known for beautiful scenery, excellent cuisine and wine, and a unique approach to life, France is a popular choice for many British expats looking for a new home and a change of pace. If you’re considering moving across the Channel, you might be wondering about

International business payments occur when businesses send or receive money across borders. Also known as cross-border payments and cross border transactions for this very reason, these transactions may involve making business payments to suppliers abroad or paying employees that live overseas. There are many different

Friday 28th July – Despite the absence of UK economic data, the Pound (GBP) wrapped up the previous week on an optimistic note, driven by expectations of a more hawkish approach from the Bank of England (BoE). This bolstered the Sterling’s position, causing it to

Friday 30th June – The Pound (GBP) soared at the week’s end. UK GDP confirmed the country’s winter recession avoidance, pleasing GBP investors. Sterling gained further momentum as the session progressed, benefitting from an improved market sentiment that boosted the currency’s sensitivity to risk.  

Emigrating Abroad: Finding Your New Home Emigrating from the UK has become a popular trend with modern Britons. The Alliance of International Property Owners estimates that around 1.5 million UK residents own property in other parts of the world, and this number grows by at

Friday 26th May– The Pound received initial support due to positive market sentiment and better-than-expected UK retail sales data, resulting in a rise in the value of Sterling. However, the Pound’s gains against its safer counterparts diminished in the afternoon, as market sentiment turned negative.

Friday 28th April – Despite the lack of significant economic data, the Pound gained strength on Friday. The optimistic market sentiment and ongoing speculation of another Bank of England (BoE) interest rate hike contributed to the Pound’s rise.   Conversely, the Euro struggled at the

Friday 31st March – On Friday, the Pound received a boost after the UK’s fourth-quarter GDP surpassed expectations, expanding by 0.1% and exceeding previous estimates that the economy had stagnated. Despite this positive news, the Sterling experienced some downward pressure in the afternoon due to

Tuesday 28th February – The Pound (GBP) experienced a rally as optimism surrounding PM Rishi Sunak’s ‘Windsor Framework’ continued to grow. As investors and analysts delved into the details of the new deal, hopes for a stronger UK-EU trade relationship boosted Sterling sentiment.   The

Tuesday 31st January – The Pound struggled after the International Monetary Fund (IMF) predicted a recession in the UK this year and downgraded its economic forecasts. This was compounded by rising company insolvencies in the UK and an analysis suggesting that Brexit has cost the

Buying a property in France can be a rewarding and exciting experience, but it’s important to understand the process and the things to consider before making the purchase.   Introduction: First and foremost, it’s important to have a good understanding of the local real estate

Buying a yacht in another country, or buying abroad, has a lot of attractions. Of course, pricing is a big factor, but so is the sheer number of new and second hand boats available. After all, British dealers tend to supply boats that reflect the

The process of buying a property in another country can be completely different from buying it in your country. To buy a house in France, especially for UK residents, involves navigating a process that can differ significantly from purchasing property within your own country. In

We have added new countries and territories where we can receive and collect funds from.   We can now receive funds from over 180 countries worldwide giving you greater access to international clients. The list of countries where we can receive funds from: Åland Islands

Due to new regulations, two-factor authentication (or 2FA) is being implemented as an extra layered security measure when accessing the online platform.  This new feature will be mandatory from the 13th April 2020. What is Two-Factor Authentication? Two factor authentication (or 2FA) is an extra layer of

The worry and concern surrounding the coronavirus in Europe has meant that the Asian markets have seen Japan fall beyond 3%. There has also been a decrease in the value of oil by 30% which has been attributed to a price war launched by Saudi

Although the fears surrounding the coronavirus from a health point of view, there has also been a detrimental effect in relation to foreign exchange and shares. The news of the outbreak caused a market sell-off which removed $6 trillion of the market value. Stocks plunged