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Currency

The world’s money markets can change within minutes – and new developments are taking place every second.
To keep you up to speed, our currency writers provide you with the latest news on the international and FOREX markets, foreign exchanges, currency exchange rates, and other relevant financial matters.
We also provide commentary and groundbreaking analysis so you have a broad understanding of the developments shaping economies.
Whether you require the latest currency news as a trader, are thinking of widening your investment portfolio, or would simply like to keep abreast of the latest exchange rate developments, we deliver.

A foreign exchange firm that won customers by slamming banks for overcharging customers is accused of basing the claims on misleading data. TransferWise has taken the foreign exchange market by storm by rubbishing rivals but failed to explain how customers can save money with their service despite relying on the...
The Australian Dollar may be riding high for now, but a reality check is on the way and the price is expected to fall against the US Dollar by the end of the year. BNP Paribas global head of FX Steven Saywell predicts the Aussie dollar will drop from the...
Virtual currency Bitcoin has suffered a lot of bad press due to a lack of security and regulation for investors but the founders are taking steps to make trading safer for consumers. Tyler and Cameron Winklevoss, two of the founders of the virtual currency, are concerned about fraudsters ripping off...
Expats are bearing the brunt of the Bank of England’s plans to punt interest rate rises into touch. Bank of England governor Mark Carney has put any thought of a rate rise out of mind for many months. He blames low inflation and economic volatility around the world. The news has sent...
A landmark court ruling has sorted out some of the issues for trading the virtual currency Bitcoin. The Court of Justice of the European Union (CJEU) has ruled the supply of Bitcoin is exempt from VAT, but any service involved in the transaction, like the cost of trading is not. The...
Advertising watchdogs are warning expats to watch out for misleading foreign exchange rates quoted by currency brokers. The alert from the Advertising Standards Authority comes after broker World First was rapped for displaying exchange rates that were unavailable to customers on their web site. Rival foreign exchange firm Eris FX complained...
Bitcoin hackers stole £3.2 million of the virtual currency by accessing secure servers through an unprotected personal computer in an online attack on leading exchange Bitstamp, according to a leaked report. The report allegedly drafted by Bitstamp investigators pinpointed a personal laptop linked to the exchange computer network as a...
A big headache for expats is how to switch their money between different countries without paying sky-high fees and losing our on exchange rates. Millions of expats remit their money from where they are living and working to another and see middlemen shave off fees and charges for what should...
Sterling is giving many other world currencies a pounding, so investors need to look at how a strengthening British country affects their stakes in economies with weaker or more volatile currencies. Although the value of the Pound has shrunk in recent years against the dominant US dollar – from around...
Mortgage borrowing has just become that much harder for expats as new European mortgage rules mean many hopeful buyers could find they are locked out of the market next year. Workers with foreign income looking to borrow to fund buying a home overseas will have to negotiate the tough terms...
Russian president Vladimir Putin has scoffed at international claims that his country’s economy is in trouble and that rouble is in decline. In a telephone call-in programme on Russian TV, he told viewers that Russia’s economy was performing well and that the rouble was standing strong against foreign currencies. Nevertheless, the...
Currency exchange rate fluctuations are likely to bolster the global economy as countries start to see their growth paths diverge, says the International Monetary Fund. The IMF expects countries with weaker currencies improve their growth as exports become cheaper and more attractive to foreign buyers, boosting sales for manufacturers and...
Another round of extreme currency and bond volatility is on the horizon as the US Federal Reserve considers putting up interest rates. The United States has had a rate of just over 0% since the closing months of 2008, but the latest minutes of the Fed’s last rate-setting meeting show...
A blog by the Greek finance minister has revealed the gulf that lies between that has split the Eurozone and may yet lead to the Athens government defaulting on a bail-out deal. Yanis Varoufakis argues that the 240 billion euro bail-out was due to reckless banks and financial institutions doling...
All eyes are on the Chinese yuan as Asia Pacific central banks tinker with interest rates to try to spur economic growth. Banks are cutting rates around the region in a bid to spur flagging growth and slow down inflation, but all their plans could come to nothing if China...