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Archived posts for February 2010

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Sterling remains weak despite upward GDP revision

26

Feb

2010

 HiFX News@ 12:00 AM

Analysts expect sterling to remain 'pressured', despite the upward revision in the UK's gross domestic product (GDP) data.

The upward revision to show that the UK experienced 0.3 per cent growth in the fourth quarter of 2009 was not enough to alleviate traders' persistent worries concerning the strength of the country's economy.

Continue reading "Sterling remains weak despite upward GDP revision"...

Sterling exchange provided 'buffer' for fiscal debts, says Stheeman

26

Feb

2010

 HiFX News@ 12:00 AM

Sterling's worth on the foreign exchange markets could have provided a buffer for the UK's debts.

This is according to Robert Stheeman, the head of the UK's Debt Management Office.

Mr Stheeman said that countries such as Greece, Ital and Spain were facing particular difficulties in solving their budget deficits because they were part of the euro zone.

Continue reading "Sterling exchange provided 'buffer' for fiscal debts, says Stheeman"...

Foreign exchange trading patterns 'shifting'

26

Feb

2010

 HiFX News@ 12:00 AM

The recent financial climate has had an effect of the trading of foreign exchange, according to a recent survey.

Conducted by ClientKnowledge for the CME Group derivatives market, the report revealed that investors and traders are thinking differently about foreign currency exchange following the global recession.

Continue reading "Foreign exchange trading patterns 'shifting' "...

Expats returning to Abu Dhabi, says estate agent

25

Feb

2010

 HiFX News@ 12:00 AM

Expatriates are showing renewed interest in Abu Dhabi, according to a real estate agent.

Omar Ali Ragheb, manager of Ramco Real Estate, has suggested that house prices in the region are being pushed up partly due to an increase in demand from expats.

Continue reading "Expats returning to Abu Dhabi, says estate agent"...

Sterling hits nine-month low

25

Feb

2010

 HiFX News@ 12:00 AM

Sterling has shown a particularly weak performance on the foreign exchange markets recently.

The British currency reached a nine-month low against the dollar, falling to just $1.52 to the pound.

Continue reading "Sterling hits nine-month low"...

Poor exchange rates 'putting Brits off US property'

25

Feb

2010

 HiFX News@ 12:00 AM

Brits who are interested in buying property in the US as an investment should wait a while before making a purchase, according to an emigration and property specialist.

Andrew Bartlett, of Andrew Bartlett Florida, said: "I am not personally that clear that certainly for the next few years, housing as such in the US is necessarily an investment. It may be somewhere you enjoy for your own use, but as something [of] a cycle that is going up and up and up, having lived here ten years, I have my doubts."

The property expert added that many investors were being put off buying property in the US because of poor exchange rates.

Continue reading "Poor exchange rates 'putting Brits off US property'"...

King issues reassurance of sterling's security

24

Feb

2010

 HiFX News@ 12:00 AM

Currency exchange traders who are worried about the security of the sterling can be assured by the governor of the Bank of England's recent comments.

Governor Mervyn King has said that there is no danger of a downgrade on the UK currency's AAA status.

Continue reading "King issues reassurance of sterling's security"...

Polish economy could see currency strengthen

24

Feb

2010

 HiFX News@ 12:00 AM

Poland is taking a closer look at its economic situation in a bid to stabilise its currency.

According to Bloomberg, the country's central bank is likely to announce that it will keep the interest rate at a record low of 3.5 per cent.

Continue reading "Polish economy could see currency strengthen "...

Morale is keeping euro low, suggest analysts

24

Feb

2010

 HiFX News@ 12:00 AM

Morale in major European economies is running low and having a poor effect on the currency exchange value of the euro.

Several lots of data have come out of the euro zone this week, none of which bode well for the future of the single-currency zone.

Continue reading "Morale is keeping euro low, suggest analysts"...

Sicily could offer a bargain for expats

23

Feb

2010

 HiFX News@ 12:00 AM

People who are thinking of moving abroad may want to start to consider how they would like to transfer the money needed to buy one of a range of properties available in Sicily.

For those keen to enjoy island life in the sun, the Italian property company HomesandVillasAbroad.com could offer the perfect spot.

Continue reading "Sicily could offer a bargain for expats"...

Expats wanted for life abroad programme

23

Feb

2010

 HiFX News@ 12:00 AM

People, who are currently involved in the process of moving abroad to the US, could receive a little bonus and five minutes of fame thanks to a new property program.

House Hunters International is a US version of Britain's A Place in the Sun and is currently looking for people to take part in its next series.

Continue reading "Expats wanted for life abroad programme"...

Sterling falls following Mervyn King's economic speech

23

Feb

2010

 HiFX News@ 12:00 AM

Sterling is not performing well in the currency exchange markets as the latest announcement from the governor of the Bank of England suggests that the UK economy remains unstable.

Speaking at the Treasury Committee, governor Mervyn King said that both the low Bank rate and the maintenance of the Bank's quantitative easing program at £200 billion were likely to continue for some time.

Continue reading "Sterling falls following Mervyn King's economic speech"...

Increasing number of Brits looking to move abroad, survey finds

22

Feb

2010

 HiFX News@ 12:00 AM

An increasing number of people are looking to move abroad, according to statistics from a property website.

The latest Primelocation International Search Index, (del comma) found that searches for international property increased by 134 per cent between January 2009 and 2010.

Continue reading "Increasing number of Brits looking to move abroad, survey finds"...

Expats attacked over fuel benefits

22

Feb

2010

 HiFX News@ 12:00 AM

British expatriates have become the centre of a controversy regarding claims for winter fuel benefits.

Over 60,000 Britons living in European countries are able to receive winter-fuel payments, designed to help people to cope with increased heating bills in the cold months.

Continue reading "Expats attacked over fuel benefits"...

Currency exchange could make buying Australian property tricky

22

Feb

2010

 HiFX News@ 12:00 AM

Brits considering making an international money transfer for a property in Australia, may have to rethink their finances.

According to the Housing Affordability Index (HIA), Australia, homes in the country have shot up in price recently.

Continue reading "Currency exchange could make buying Australian property tricky"...

Poor economic data keeps sterling currency exchange low

22

Feb

2010

 HiFX News@ 12:00 AM

Sterling has remained low in the currency exchange markets as concerns surrounding the strength of the UK economy worry traders.

The latest round of negative economic reports concerning the UK, have included the news from the Office for National Statistics detailing a fall in retail spending.

Continue reading "Poor economic data keeps sterling currency exchange low"...

Unfair currency exchange charges could see expats lose money on flights

19

Feb

2010

 HiFX News@ 12:00 AM

Expatriates who are visiting home could benefit from checking that they are not losing money on their flights.

Currency exchange has featured as a problem on Ryanair's website which attempts to charge customers through its own currency conversion when booking single flights from foreign destinations to the UK.

Continue reading "Unfair currency exchange charges could see expats lose money on flights "...

Sterling falls following poor economic data

19

Feb

2010

 HiFX News@ 12:00 AM

Sterling fell on the currency exchange markets yesterday (February 18th) following news that the government has been forced to borrow more money.

As tax receipts dropped off sharply, net borrowing in the UK was over £9 billion higher in January 2010 than it was a year previously.

Continue reading "Sterling falls following poor economic data "...

Spain could offer property bargains

18

Feb

2010

 HiFX News@ 12:00 AM

People who are keen to buy property in Europe could benefit from making an international money transfer to Spain later this year.

Mark Stuckling, head of Spanishpropertyinsight.com, has advised buyers that property in Spain is unlikely to rise in price over the course of 2010.

Continue reading "Spain could offer property bargains"...

Sterling dips against dollar

17

Feb

2010

 HiFX News@ 12:00 AM

Sterling's currency exchange value dipped against the dollar this morning (Wednesday 17th) following the unexpected rise in unemployment reported by the Office for National Statistics (ONS).

However, analysts suspect that the Bank of England's decision to halt quantitative easing has prevented the currency from falling further as some faith in the UK's economic recovery remains.

Continue reading "Sterling dips against dollar"...

Brits warned 'not to burn bridges with UK'

16

Feb

2010

 HiFX News@ 12:00 AM

Britons who move abroad have been advised to keep one foot in the UK.

A special report from Shelter Offshore has advised expatriates not to move abroad in order to run away from problems; but rather to deal with them before leaving.

This will allow expats a safe place to return to should circumstances ever require them to move back to Britain.

Continue reading "Brits warned 'not to burn bridges with UK'"...

Expats could benefit from 'fee-free' card

15

Feb

2010

 HiFX News@ 12:00 AM

Britons are paying unnecessary amounts of foreign exchange fees by using their credit cards.

A new survey from European bank Santander has found that Britons are paying 2.75 per cent on every transaction by using their cards for overseas purchases.

Continue reading "Expats could benefit from 'fee-free' card"...

France is the 'best place to live in the world'

12

Feb

2010

 HiFX News@ 12:00 AM

France has once again been hailed as the finest country on the planet in which to live.

Just recently International Living Magazine bestowed that honour upon the Western European country for the fifth year in a row, pointing to its world-class healthcare as well as its stunning scenery and good weather.

Continue reading "France is the 'best place to live in the world' "...

Britons help fuel Spanish immigration boom

12

Feb

2010

 HiFX News@ 12:00 AM

Britons looking for a new life in the sun have helped drive a massive increase in immigration to Spain over the past ten years.

According to the latest figures released by the country's National Statistics Institute, the number of immigrants registering to live there has increased by a factor of six over the past decade alone.

Continue reading "Britons help fuel Spanish immigration boom "...

Star benefits from currency exchange rates

11

Feb

2010

 HiFX News@ 12:00 AM

Burlesque star Dita von Teese, has noted the benefits of a strong dollar when performing in the UK.

As the dollar creeps up towards £0.65, the celebrity performer told the Telegraph that she feels entitled to spend a little more while in the UK.

Continue reading "Star benefits from currency exchange rates"...

Star benefits from currency exchange rates

11

Feb

2010

 HiFX News@ 12:00 AM

Burlesque star Dita von Teese, has noted the benefits of a strong dollar when performing in the UK.

As the dollar creeps up towards £0.65, the celebrity performer told the Telegraph that she feels entitled to spend a little more while in the UK.

Continue reading "Star benefits from currency exchange rates"...

Greece woes 'unlikely to result in euro meltdown'

11

Feb

2010

 HiFX News@ 12:00 AM

Credit rating agency Moody's has issued an assurance that the possible downgrading of Greece's currency does not mean a euro meltdown will follow.

There have been fears that the Mediterranean country's financial worries would have a substantial affect on the single currency zone.

Continue reading "Greece woes 'unlikely to result in euro meltdown' "...

BUPA 'best for expats'

11

Feb

2010

 HiFX News@ 12:00 AM

BUPA has been named as the best healthcare provider for expatriates.

A poll by International Investment Magazine named BUPA the "Best International Healthcare Provider" for 2009.

Voters chose BUPA as they believed it was the most experience and professional.

Continue reading "BUPA 'best for expats'"...

Low sterling 'puts pressure on UK inflation'

10

Feb

2010

 HiFX News@ 12:00 AM

Sterling's depreciation has put pressure on inflation in the UK, according to the latest report from the Bank of England.

As sterling fell against the currencies of many of Britain's trade partners, the cost of importing items to the UK rose accordingly.

Continue reading "Low sterling 'puts pressure on UK inflation'"...

Traders make record bet on falling euro

9

Feb

2010

 HiFX News@ 12:00 AM

Traders are making record bets that the value of the euro will fall against that of the US dollar.

A total of almost £5 billion has been put against the currency.

Analysts have speculated that the high bets have arisen due to the euro's unstable position.

Continue reading "Traders make record bet on falling euro"...

Sterling hits low against dollar

8

Feb

2010

 HiFX News@ 12:00 AM

Sterling has fallen to its lowest trading rate against the dollar since May 2009.

Analysts suspect that investors have been prompted to reduce their exposure to risky assets close to the euro zone following the continued worry over Greece's currency rating.

Continue reading "Sterling hits low against dollar"...

Rich Brits look to move abroad

5

Feb

2010

 HiFX News@ 12:00 AM

International money transfers may be of use to wealthy Britons as a new survey reveals the high numbers who are looking to move abroad.

The latest survey from international law firm Withers Worldwide found that three-quarters of high earners are considering moving abroad within the next year.

Continue reading "Rich Brits look to move abroad"...

Rich Brits look to move abroad

5

Feb

2010

 HiFX News@ 12:00 AM

International money transfers may be of use to wealthy Britons as a new survey reveals the high numbers who are looking to move abroad.

The latest survey from international law firm Withers Worldwide found that three-quarters of high earners are considering moving abroad within the next year.

Continue reading "Rich Brits look to move abroad"...

Spain tops foreign property chart

5

Feb

2010

 HiFX News@ 12:00 AM

Spain has topped a list of countries for the best foreign property investments in 2010.

Maintaining its place from last year, the country once again ranked number one for A Place in the Sun.

Continue reading "Spain tops foreign property chart"...

Spain tops foreign property chart

5

Feb

2010

 HiFX News@ 12:00 AM

Spain has topped a list of countries for the best foreign property investments in 2010.

Maintaining its place from last year, the country once again ranked number one for A Place in the Sun.

Continue reading "Spain tops foreign property chart"...

Sterling levels as Bank signals pause in QE

4

Feb

2010

 HiFX News@ 12:00 AM

Sterling levelled out against the dollar as the Bank of England signalled a halt to quantitative easing (QE).

As expected, the Bank announced today (February 4th) that it was pausing quantitative easing.

The lending rate has been maintained at 0.5 per cent and the asset purchase programme also rests at £200 billion.

Continue reading "Sterling levels as Bank signals pause in QE"...

Bulgaria makes expat retirement list

4

Feb

2010

 HiFX News@ 12:00 AM

The Global Post has compiled a report of the best budget retirement locations around the world.

Judging the locations on the activities available and the cost of maintaining an "international lifestyle", the report rated a variety of expat retirement hotspots.

Continue reading "Bulgaria makes expat retirement list"...

'Chaos' hits in North Korean currency

3

Feb

2010

 HiFX News@ 12:00 AM

Changes to foreign currency and economic policy have wreaked 'chaos' in North Korean currency markets and daily life.

In November 2009, national policy in the country changed to prevent the use of foreign currency in the country.

Continue reading "'Chaos' hits in North Korean currency "...

Swiss franc climbs against euro

3

Feb

2010

 HiFX News@ 12:00 AM

The currency exchange markets have seen the Swiss franc rise hastily against the euro.

As Greece continues to experience fiscal problems the euro has been dragged down against other European currencies.

Continue reading "Swiss franc climbs against euro"...

Political concerns see sterling fall

2

Feb

2010

 HiFX News@ 12:00 AM

Sterling has fallen against the euro amid growing political concerns.

A recent opinion poll carried out by ComRes for the Independent has found that a hung parliament result in the general election in June is looking increasingly likely.

Continue reading "Political concerns see sterling fall"...

International property "hugely dependent" on sterling

1

Feb

2010

 HiFX News@ 12:00 AM

The strength of the pound against the euro will have a noticeable affect on international property, according to a new report.

A study from the National Association of Estate Agents International (NAEA) has predicted that the worldwide housing market will be "hugely dependent on the strength of sterling".

The forecast suggested that international purchases between the UK and Europe will remain fairly stable until the balance of supply and demand stabilises and the pound strengthens against the euro.

Linda Travella, spokeswoman for Italy at NAEA International said: "Even though the UK appears to have fallen behind other economies in the race out of recession and economic recovery, sterling has held pretty firm against the single European currency."

She added: "For the first quarter of 2010 the number of international buyers is expected to remain low and therefore offers are more likely to be accepted making it a very good time to purchase an overseas property."

At 14:00GMT today (February 1st) one pound sterling bought 1.145 euros.

Click here to make an International Money transfer (www.hifx.co.uk/online)

Posted by Eleanor WardADNFCR-1995-ID-19590125-ADNFCR

Continue reading "International property "hugely dependent" on sterling"...

Currency exchange makes "huge difference" to cost of moving abroad

1

Feb

2010

 HiFX News@ 12:00 AM

Transfer of currencies can make a "huge difference" to the cost of moving abroad, the director of HiFX has advised.

Mark Bodega advised people looking to move abroad that the currency exchange rate of sterling can have a major effect on the overall move.

Continue reading "Currency exchange makes "huge difference" to cost of moving abroad"...


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