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Monthly Currency Report – July 2023
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
Monthly Currency Report – June 2023
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 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
Monthly Currency Report – May 2023
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.
Monthly Currency Report – April 2023
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
Monthly Currency Report – March 2023
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
Monthly Currency Report – February 2023
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
Monthly Currency Report – January 2023
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
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 Abroad? Here’s all you need to know
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
Thinking of Buying a Property in France As A UK National? Here Is What You Need to Know
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
Countries where funds can be received from
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
COMPANY UPDATE: Two Factor Authentication
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
Coronavirus Continues To Be a Concern for Forex Investors
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
Forex Sector Begins to Settle Following Coronavirus Epidemic
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