FAIRFX Prepaid MasterCard®

The FairFX Foreign Currency Exchange Blog

Disclaimer: THIS MATERIAL IS NOT INVESTMENT RESEARCH AS DEFINED BY THE FINANCIAL CONDUCT AUTHORITY

Page:  Previous  Newest ...  15, 16, 17, 18, 19 ...  Oldest Next

If you transfer money from the UK to Europe or the USA then you’ll be pleased to know about our brand new FairPay service which lets you transfer any amount between £500 and £25,000 quickly and easily with no fees.

Click here to find out more.

Monday 16 May 2011, 11:04am

Tags: fairpay, transfer money

Last night the European governments and IMF agreed to a EUR 85 billion bailout for Ireland, the bailout will go through in the first few weeks of December prior to the Irish budget. EUR 35 billion of the total will be going toward Irish banks at a rate of 5.8%, higher than the 5.2% Greece had to pay during summer.

Interestingly, corporation tax is being held at 12.5%. Surprisingly, the bailout release did not mention senior debt holders and whether they would be bearing some of the burden.

The announcement attracted some short Euro covering in the Asian session, however by late morning in London the Euro had been pushed back to new lows. The markets are still concerned Spain and Portugal are soon to follow. Some economists have estimates funding requirements for Portugal and Spain combined would be a further EUR 289 billion.

Monday 29 November 2010, 11:48am

The Euro continued to suffer on the back of weak German factory orders coming in worse than expected showing a fall of 2.2% m/m versus consensus forecasts of an increase of 0.5% m/m.

As investors dived back into the dollar, the euro and sterling both felt the pressure. Yesterday EURUSD was sold from a high of 1.2814 to a low of 1.2676, GBPEUR rallied nearly 200 points from 1.1981 to 1.2179. Sterling remains volatile, yesterday traders pushed cable down to 1.5296. This morning we have seen a bounce back, against the dollar the pound had traded back up to 1.5484.

As a result of the somewhat weak recent UK data, sterling seems to be consolidating at current levels. However, from a longer term perspective, sterling continues to look buoyant against other major currencies. It is likely we will see some buying interest at slightly lower levels and a new rally is expected to develop.

Wednesday 08 September 2010, 10:30am

Today the Bank of England confirmed it is now even more pessimistic about the outlook for UK economic growth and believes it is likely inflation will remain above the 2% target for longer than initially expected. Lending to businesses remains subdued and the recovery is likely to be relatively slow but steady.

Three months ago growth forecasts for next year were estimated at 3.4%, this has now been reduced to 2.5%. This morning Sterling has been sold to its lowest level in a week down to 1.5668 against the US dollar.

The bank also confirmed it would be many years before bank balance sheets and fiscal positions returned to anything like normal. The bank’s comments signal that the UK economy may need more emergency stimulus and interest rates will remain at their lows for longer than expected.

Wednesday 11 August 2010, 02:29pm

This morning sterling is trading above 1.59 against the US dollar after a raft of strong earnings releases and positive economic data yesterday. A great start to the week, it looks like risk appetite is entering the financial markets again. The move in global equities is filtering through to FX markets and as a result sterling remains buoyant.

During the middle of July Sterling found support against the Euro around the 1.1750 region. The cross is now comfortably trading above 1.20 and looks firm.

The appetite for riskier currencies is evidence of a strong financial sector, this is especially true in the UK. It seems that many analyst have been undervaluing sterling for some time, the recent movements is a result of revaluation.

As the US economy begins to lose steam, the dollar is beginning to lose ground. The signs of weaker US growth have become apparent in recent weeks.

Tuesday 03 August 2010, 11:02am

Sterling instantly began its rally at 9:30am this morning on the release of the second quarter GDP data. The figure was expected at 0.6% but came in nearly twice as high at 1.1%. Sterling has not looked back since.

The pound is now trading at new highs for the week against the US dollar and the Euro. The UK economy seems to be picking up at a greater pace than its counterparts.

The result today reflects the fastest expansion for 4 years for the UK economy lead by manufacturing, services and construction.

Markets are awaiting the results of the European stress tests expected to be released at 5pm UK time. The EU regulators are examining the strength of banks to determine if they can survive potential losses on sovereign bond holdings. They are hoping the results will reassure investors about the health of the financial institutions. The Euro has been under pressure throughout the day against sterling and the US dollar. This afternoon the pound is back above 1.20 against the Euro.

Friday 23 July 2010, 04:10pm

This morning sterling has continued to rally as unemployment falls. Jobless benefit claims has dropped to their lowest level in a year. This is a positive sign, the UK economy is beginning to pick up pace.

Although it may appear the labour market is beginning to show signs of improvement, investors should be cautious. The new government has begun to implement austerity measures, public sector job losses will soon begin to filter through. It is possible we may see further deterioration in the labour market in the coming months.

Sterling rallied on Tuesday as UK CPI came in at 3.2% in June and year on year CPI stayed above the 2% target. The rally was the result of investor speculating the Bank of England will be pressured to raise interest rates earlier than expected.

This morning cable has broken above the 1.52-1.5240 resistance zone. Against the Euro, the pound looks like it has found some support around the 1.19 level.

Wednesday 14 July 2010, 10:12am

As the week draws to a close market sentiment remains poor. The US dollar has been sold to an 8 week low against sterling on speculation that the US economic recovery is slowing. Both Sterling and Euro have gained against the US dollar. US economic data is not helping the situation, the pressure is back on manufacturing whilst jobless claims remain buoyant.

Payrolls in the US fell 125,000 in June for the first time this year. The pace of hiring indicates it will take years for the US to recover the more than 8 million jobs lost during the recession. This will clearly have a knock on effect in spending.

Clearly, post-election sterling is looking bullish. Political uncertainly and fiscal issues are off the radar. The new government has made clear intentions to take control of the deficit and the FX markets have rewards their decision to do so. On Tuesday, the pound traded within touching distance of 1.24 against the Euro. Since then we have seen some profit taking and the Euro looking slightly firmer against other major currencies.

Friday 02 July 2010, 04:20pm

The budget report was widely accepted in a positive manner, Sterling has been rallying since the announcement. The bond markets have also been pushing up and rating agencies gave the report a warm welcome.

Moody’s Investor Services said the UK budget announced yesterday is “supportive” of the country’s AAA credit rating. Market participants are beginning to feel confident the government is taking rapid steps to tackle the UK budget deficit.

It seems that the new chancellors determined actions are supporting UK credibility in financial markets. Against the Euro, sterling is currently trading within touching distance to this year’s high at 1.2177. Cable has also perked up, trading at the highs for the month. It is possible we will see a retest of the 1.5000 level in the coming days.

However, from a longer term perspective, it is likely that the significant fiscal cuts on growth in the UK economy will hinder support for sterling.

Wednesday 23 June 2010, 02:41pm

The sterling rally against the Euro is beginning to feel the pressure around the 1.1800-1.1850 level. Last week the pound opened close the highs around the 1.1750 regions and was sold down to the 1.14 level at one point before finishing the week at 1.15.

Against the dollar, last week was the first positive finish for the Euro after 4 weeks of continuous aggressive selling. After trading below the 2008 low, the Euro found support around 1.2150.

In the UK the major news was the CPI figures, inflation at 3.7% well above the 2% target. The Bank of England is convinced the move is temporary and inflation will come back into line. Last week was a fairly range bound week for cable, trading between 1.4250 and 1.45. Uncertainty remains in the UK economy and traders will be examining plans by the coalition government to cut the initial £6bn of deficit.

Monday 24 May 2010, 11:13am

Page:  Previous  Newest ...  15, 16, 17, 18, 19 ...  Oldest Next

Latest Posts

What happens when my card expires?

08 July 2015, 12:41pm

Greece is the word

24 June 2015, 06:00pm

Stop Loss

24 June 2015, 05:26pm

Monthly Archives

2015

July (7 entries)

June (15 entries)

May (5 entries)

April (9 entries)

March (7 entries)

Febuary (2 entries)

January (6 entries)

2014

December (4 entries)

November (4 entries)

October (6 entries)

September (11 entries)

August (3 entries)

July (9 entries)

June (6 entries)

May (3 entries)

April (4 entries)

March (2 entries)

Febuary (3 entries)

January (7 entries)

2013

November (4 entries)

October (2 entries)

September (1 entry)

August (2 entries)

July (1 entry)

June (3 entries)

May (2 entries)

April (3 entries)

2012

November (1 entry)

October (1 entry)

August (1 entry)

July (1 entry)

June (1 entry)

May (4 entries)

April (15 entries)

March (4 entries)

2011

December (1 entry)

May (1 entry)

2010

November (1 entry)

September (1 entry)

August (2 entries)

July (3 entries)

June (1 entry)

May (3 entries)

April (3 entries)

March (4 entries)

Febuary (3 entries)

January (3 entries)

2009

December (1 entry)

November (3 entries)

October (2 entries)

April (3 entries)

March (7 entries)

Febuary (4 entries)

January (11 entries)

2008

December (8 entries)

November (12 entries)

October (13 entries)

September (12 entries)

August (4 entries)

July (4 entries)

June (17 entries)

May (12 entries)

Tags

14 feb 2014 Argentina Australian dollar Austria Bahrain Barcelona Beijing Berlin Bolivia Canada Caribbean Cayman Islands Champions League Chile China Comparison Currency Order Dollars Eastern Karelia European Central Bank F1 Finland Florida Football Formula 1 Formula one Germany Italy Jamaica Jet2 Key West Las Vegas Lemur London Madagascar Madrid Manchester Mexico Miami Monaco Money Transfer Sarah Willingham Savonlinna Sri Lanka Switzerland Tahiti Tennessee Tourist Travel Money Cards UEFA USD Valentine's Day abroad address advice affiliate airport airports angloinfo anywhere card app argentine peso bank of england best best deal best euro exchange rate best exchange rate best exchange rates best rate best rates black friday blog brazilian real british travellers buy euros canada dollars card card payment case study cash cash abroad cash flow cash passport cash withdrawls chip and PIN christmas christmas jumper day city break compare rates competition consumers convert currency convert euros convert pounds corporate credit card crunch accounting currencies currency currency card currency card discussion currency card reviews currency cards currency discussion currency exchange currency rates customer quote cyber monday czech koruna deal of the week dealing debit cards discussion disney disney world disneyland dollar dollar exchange rates dollar rates easter ecb ecommerce economic data egypt euro euro best exchange rate euro currency euro euro best exchange rate euro exchange rate euro rate europe travel euros exchange exchange euros exchange rate exchange rates expired card expiry fair exchange fair fx fairfx fairfx prepaid mastercard fairpay family & friends card family and friends foreign foreign currency foreign exchange forex free money gap year great rates greece growth vouchers guest blog half term halloween holiday holiday cash holiday charges holiday costs holiday currency holiday extras holiday list holiday money holiday spending holiday trends holidaymakers infographic international payment internship interrail interview letssavesomemoney mastercard mobile app mobile banking mobile top ups money money saving money talk money tips money transferes name networking new york news offers old card online online shopping order currency overseas use partner partnership pitfalls pound prepaid prepaid USD currency card prepaid card prepaid card reviews prepaid cards prepaid currency card prepaid currency cards prepaid master card prepaid mastercard press press mentions publicity purchase purchases qe rate rates research restaurant review reviews rocket lawyer rogerhereandthere ruble russia russian ruble save money save online saving money selfie selfie stick senior travel expert ski cost ski hire ski season small business sme south africa rand south african rand south korean won spain spending spending money spending power start up steve hanson strong euro students study summer holiday swiss franc telegraph testimonial tips to do list top tips top travel tips train transfer money transfer money from the uk transfer money to US travel travel blog travel card travel cash travel money travel money card travel plans travel report travel supermarket travel tips travellers turkey tv tv ad tv advert twitter united states dollar urica us dollar us dollar rates us dollars usa travel using bank cards abroad valentine valentines day waikiki weekend break win winner work experience world cup travel world travel year out

The details expressed in this website are for information purposes only and are not intended as a solicitation for or a recommendation to buy or sell any currency. You should exercise your own judgment before entering into any financial transaction, including the buying or selling of foreign exchange. FairFX Plc accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the information contained or related to this site.

The material set out in this website is current as of the indicated date. This material is prepared from publicly available information believed to be reliable, but FairFX Plc makes no representations as to its accuracy or completeness. All expressions of opinion are subject to change without notice. Opinion may be personal to the author and may not reflect the opinions of FairFX Plc.

FairFX Plc is not acting as your financial adviser or in a fiduciary capacity in respect of any foreign exchange transaction Before entering into any foreign exchange transaction you should take steps to ensure that you understand the transaction and have made an independent assessment of the appropriateness of the transaction in the light of your own objectives and circumstances, including the possible risks and benefits of entering into such transaction.