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Commenting on the Pound’s recent rally, Stephen Heath, Chief Executive of FairFX.com, said: “There appears to have been a change of sentiment towards the Pound. Sterling is fighting back despite the base rate cuts, and today alone the Pound has strengthened from a low of $1.4365 to over $1.4650. Against the Euro, Sterling has appreciated from €1.12 to over €1.1440.
“The Pound has rallied 8.5 per cent against the Dollar since it bottomed out at $1.35 to £1 in January. There might finally be some good news for holidaymakers planning a trip to the Med, with the Pound gaining over 12 per cent against the Euro since December, when it traded down to an all time low of €1.02 to £1.”
Thursday 05 February 2009, 05:28pm
Commenting on bank customers being asked to disclose travel plans to cut fraud, Stephen Heath, Chief Executive of FairFX.com, said: “There is no doubt any measures holidaymakers can take to reduce fraud are a good idea. Indeed, it is sound advice for all Brits planning to use credit cards abroad to alert providers before travelling to avoid cards being declined.
“However, time poor travellers who want to avoid the inconvenience of ringing their card provider each time they go abroad should consider using a prepaid currency card such as the FairFX.com Currency Card instead. The FairFX.com card is designed specifically for use abroad so people do not have to alert us when they travel.
“The FairFX.com card is also a safe way to spend abroad - the chip and PIN technology makes it much harder for fraudsters to clone cards and the fact it is prepaid, with no credit facility beyond that which is loaded onto the card, means potential losses are limited. The card is particularly useful for people planning to go to the States where chip and PIN hasn’t been introduced and fraud is much more prevalent.
“As well as being the most convenient option and offering superior fraud protection, the FairFX.com card also offers people the best bang for their buck. FairFX.com is currently offering €1.0825 to £1, and $1.4775 to £1 for every £200 exchanged, beating most other providers hands down.”
Wednesday 07 January 2009, 01:54pm
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