Latest Foreign Currency Exchange News

Euro ‘trading at four-year low against sterling’

May 16, 2012

The euro's performance on the financial markets is taking a hit as a result of continuing financial uncertainty in Europe.
According to foreign exchange specialist HiFX, the single European currency is trading at a four-year low against sterling right now.
Organisations looking to transfer money online between a eurozone country and the UK may therefore need to [...]

Read More

HiFX: Greece stalemate leading to market tensions

May 14, 2012

Ongoing uncertainty regarding Greece's political future is leading to tensions in the financial markets, a foreign exchange specialist has said.
Talks on forming a coalition government have so far come to nothing following the country's recent election, while speculation about Greece pulling out of the euro is continuing.
According to HiFX, this is making investors around the [...]

Read More

Foreign property buyers drawn to north-east Brazil

May 11, 2012

Foreign property investors are increasingly looking for opportunities in the Brazilian market, an expert has noted.
According to Paul Collins, editor of the BuyAssociation website, the north-east of the country is proving especially popular with real estate buyers from overseas.
Natal, for instance, was said to be attracting lots of interest, partly because it is a very [...]

Read More

Now ‘is a good time to buy property in the eurozone’

May 10, 2012

Overseas property buyers could benefit from investing in a eurozone country sooner rather than later, an expert has suggested.
According to Marc Da-Silva, founder of PropertyJournalist.com, the financial bloc looks "extremely fragile" at the moment. Indeed, he said conditions in countries such as Ireland, Greece, Spain and Portugal are likely to continue impacting negatively on the [...]

Read More

UK ‘to see more robust growth in 2013′

May 8, 2012

The UK's economic recovery may start to gather pace next year, new estimates suggest.
According to the National Institute of Economic and Social Research (NIESR), Britain's economy is currently very weak. Indeed, the Office for National Statistics recently confirmed the UK is experiencing its first double-dip recession in more than 30 years.
NIESR has stated that while [...]

Read More

Investors urged to visit property before buying

May 3, 2012

People who are planning to purchase a property in another country have been urged to inspect it firsthand before handing over any money.
According to Brett Alegre-Wood, the founder of Your Property Club, the best thing a foreign property buyer can do before committing to a purchase is carry out lots of research. This, he said, [...]

Read More