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Monthly Currency Report – April 2024

Friday 12th April – The pound (GBP) displayed considerable volatility on Friday following a mixed bag of UK GDP results. While January’s GDP figure was revised up from 0.2% to 0.3%, the UK’s economic growth slowed to 0.1% in February, raising concerns about the resilience

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Monthly Currency Report – March 2024

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

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Monthly Currency Report – February 2024

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

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Monthly Currency Report – January 2024

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

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Monthly Currency Report – December 2023

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

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Monthly Currency Report – November 2023

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.  

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Monthly Currency Report – October 2023

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

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How to Buy or Sell International Businesses

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

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Monthly Currency Report – September 2023

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

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Monthly Currency Report – August 2023

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)

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How to Pay Overseas Suppliers Securely

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

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Guide to Buying Property Abroad

Whether you’re looking for a new life in the sun, preparing for your golden years, investing in a promising market, or taking advantage of house prices, it helps to know there’s much to consider when buying property abroad. NewbridgeFX’s guide to buying property overseas provides

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Costs of Doing Business Internationally

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

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Cost of Living in the UK vs France

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

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Managing Foreign Payments as an International Business

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

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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

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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.  

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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 least 30,000 people every year. There

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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.

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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

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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

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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

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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

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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

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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

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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

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