Currency News:
Latest Posts

Monthly Currency Report Summary – May 2025 Overview: May 2025 was characterized by heightened volatility across major FX pairs, largely driven by ongoing geopolitical tensions, fiscal policy shifts, mixed macroeconomic data, and increasing speculation over upcoming central bank decisions. The GBP/USD (Cable), EUR/USD, and GBP/EUR

For businesses employing overseas staff, navigating the tax implications of international payments can be a complex task. Unlike paying local employees, managing international payroll involves additional challenges. Failure to comply with these regulations can result in costly penalties, legal liabilities, and risks to your business’s

For many businesses, international supplier payments have become a regular part of their operations. However, these transactions involve a key financial consideration; currency conversion. The exchange rate you secure when converting domestic currency into a foreign one can greatly affect the overall cost of your

Managing international payroll can be complex, especially when dealing with the challenges of currency fluctuations. For businesses with a global workforce, the impact of exchange rate movements can significantly affect both the cost of payroll and the financial stability of your operations. Whether you’re paying

Foreign exchange rates play a crucial role in businesses making international supplier payments. These rates determine the value of one currency relative to another, directly impacting the cost of cross-border transactions. For companies engaged in global trade, understanding how exchange rates fluctuate and the factors

As businesses continue to expand globally, cross-border supplier payments have become an essential part of maintaining smooth operations and building strong relationships with international suppliers. The need for efficient, secure, and cost-effective methods of transferring funds across borders is more crucial than ever. With new

Paying overseas employees can be a challenging task for business owners, particularly when it comes to ensuring quick, secure, and reliable payments while securing the best exchange rates. With various complexities involved such as fluctuating exchange rates, high transaction fees, and delays in processing payments,

For businesses who engage in international trade, foreign investments, or cross-border transactions, understanding the various foreign exchange (FX) contract options available is essential for managing currency risks and optimising financial outcomes. Spot and forward contracts are two of the most commonly used FX agreements, however,

When considering buying a property abroad, there are a number of factors to consider, including the foreign exchange (FX) process. This is vital when purchasing a property abroad, as you will need to convert funds into the local currency of the country where you plan

Market orders are one of the most commonly used tools in international payments, allowing businesses and individuals to complete currency exchanges quickly at the best available price. This is especially important in the fast-paced world of international payments, where timing is critical. Market orders offer

Investing in property in Spain has become increasingly popular, offering lucrative opportunities for both new and experienced investors through the Golden Visa programme. The Golden Visa programme has piqued the interest of many investors in the UK and globally to invest in property in Spain,

When making international property purchases, the process often involves sending large sums of money overseas, making multiple payments such as deposits, final balances, and legal fees, all within strict timelines. Trying to manage this through a traditional bank or standard payment provider can be expensive,

Foreign exchange transactions, such as regular overseas payments, business transfers, or buying property abroad, can become complex, particularly when the market is volatile or timing is critical. Challenges like sudden rate fluctuations, unclear payment processes, and difficulties in timing the exchange for the best value

Monthly Currency Report Summary – April 2025 Overview: April 2025 was a month marked by heightened global market uncertainty, largely driven by escalating tariff tensions instigated by the Trump administration, shifting central bank narratives, and economic data that pushed and pulled market sentiment on both

Buying property abroad often involves a variety of taxes and fees, depending on the country you buy in and the type of property you opt for, which can quickly add up. From stamp duty to local taxes, property registration fees, notary fees, and administrative costs,

Long-term currency planning is an essential aspect of financial strategy for businesses that operate internationally, whether they’re exporting goods, paying overseas suppliers, or managing international payments. Exchange rate fluctuations can pose significant financial risks, impacting profit margins, costs, and overall financial stability. Forward contracts offer

For individuals looking to finance an overseas property purchase, whether it is to use as a second home, to invest in an upcoming market, or to start a business, the process can be more challenging than buying property in your own country. From exchange rate

Paying employees abroad can often come with a set of challenges that businesses need to be aware of before initiating international payments. From fluctuating exchange rates to transaction delays and compliance regulations, these issues can lead to unpredictable payroll costs, frustrated employees, and even legal

When buying property abroad, there are a number of financial considerations to keep in mind, with currency exchange one of the biggest. As exchange rates fluctuate constantly and can change quickly, buyers may end up paying significantly more than expected for an overseas property. Additionally,

Many businesses operate across borders, whether it’s for goods, services, or investments, and often need to send money internationally. This requires corporate currency exchange; which can be challenging and pose risks, especially for businesses that deal with multiple currencies on a regular basis. Currency fluctuations

Monthly Currency Report Summary – March 2025 Overview: The foreign exchange (FX) market in March was dominated by geopolitical tensions, global trade wars, economic data releases, and central bank policies. The major currency pairs—GBP/USD, EUR/USD, and GBP/EUR—experienced periods of volatility, influenced by shifting risk sentiment

Investing in real estate abroad is a smart, strategic decision, and Dubai has become one of the most sought-after destinations for international investors. Its dynamic economy, prime location, and thriving tourism sector make it an attractive choice for those looking to invest in property overseas.

Currency fluctuations can have a significant impact on global business, affecting companies in various ways, from influencing profitability and cash flow to altering the cost of imports and exports. These fluctuations can introduce uncertainty, making it difficult for businesses to plan effectively and predict costs

Monthly Currency Report Summary – February 2025 Overview: February 2025 was marked by significant volatility in the FX markets, driven largely by geopolitical tensions, central bank narratives, and economic data releases. The USD exhibited broad strength, keeping both the GBP and EUR under pressure. While

Friday 31st January The British pound (GBP) traded within a narrow range on Friday, as the absence of significant UK economic data left the currency without a clear direction. Investors also appeared hesitant to make bold moves amid ongoing uncertainty surrounding the Bank of England’s

When paying international suppliers, transfer fees often appear as an unexpected cost. These fees can be frustrating, especially when they start to add up quickly, increasing your business’s expenditure. Depending on the provider or payment method you use, transfer fees can vary significantly, sometimes leading

Paying overseas employees has become a standard practice for many businesses in today’s global economy. However, it introduces the challenge of navigating currency exchange, which can have a significant impact on both the cost of payments and the amount employees receive. Whether you’re managing a

As businesses continue to expand globally, paying international staff has become standard practice. However, making payments across borders isn’t as simple as just transferring funds from one account to another. With multiple currencies, regulations, and tax laws involved, ensuring compliance with international payment requirements is

Businesses of all sizes across the UK are increasingly engaging in international trade, with supplier payments forming a significant part of their operations. However, when making payments to international suppliers, one critical factor that can have a major impact on costs and profitability is exchange

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