Transferring Money Abroad - Business 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 [...]
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 [...]
Exports ‘making important contribution to British GDP’
(April 17, 2012)The export market in the UK looks set to be an important contributor to the economy this year, a new report has stated.
According to the Ernst & Young ITEM Club, there was a 5.1 per cent surge in export volumes from the UK during 2011. The organisation is confident that this will go up to [...]
UK SMEs ‘need help to compete on equitable terms’
(April 16, 2012)The British Chambers of Commerce (BCC) has called for small to medium-sized enterprises (SMEs) in the UK to be given more help so they can compete effectively on the international stage.
According to David Kern, chief economist at the body, SMEs need support from the government on issues including market knowledge, skills, insurance and trade finance.
This, [...]
HiFX: Greek election creating more uncertainty
(April 13, 2012)Businesses around the world have been keeping a close eye on Greece amid its financial crisis, particularly given the turmoil across the rest of the eurozone.
With the volatility affecting the relative value of the euro against other currencies, those that operate internationally may have been tempted to curb international money transfer activity, or at least [...]
UK firms ‘becoming more confident about international trading conditions’
(April 4, 2012)Many businesses in Britain rely heavily on international trade, which means the global financial crisis has hit some of them very hard in the last few years.
However, a new survey by Western Union Business Solutions suggests that confidence in worldwide trading conditions appears to be picking up in the UK.
Whereas 56 per cent of small [...]
London ‘is resilient in tough economic times’
(April 2, 2012)Businesses that are looking to establish a presence in a strong market have been pointed towards London.
According to the British Retail Consortium (BRC), the English capital has proved to be highly resilient even in the face of difficult economic circumstances. This, he said, means it is a popular destination for businesses, including those from other [...]
Office occupiers ‘remain cautious around the world’
(March 16, 2012)The global economic crisis has profoundly affected many industries, forcing lots of businesses to adopt new approaches in order to survive and expand.
While the financial slump is not yet over, some will argue that the worst has now passed. With that in mind, it is interesting to look at sentiment among businesses around the world, [...]
Foreign investors continue to focus on London
(March 15, 2012)Foreign investors remain keen to transfer money to the UK, despite the country's ongoing economic woes.
According to a new report by KPMG, the country is receiving plenty of attention around the world at the moment. Indeed, capital city London was said to be attracting more foreign investment than any other destination.
This could be seen as [...]
Government’s efforts to promote international trading backed
(March 8, 2012)With the government cutting public spending as part of a wider effort to reduce Britain's budget deficit, the onus has fallen firmly on the private sector to plug this gap and stimulate growth.
The government recently flagged up trading internationally as one way in which small to medium-sized enterprises (SMEs) can help to drive up the [...]