Friday, October 18, 2019
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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.

The investment return on Bitcoin has outstripped the yield of three major currencies this year, according to new data. Bitcoin was not the only cryptocurrency champion - EOS won over 11 currencies and VeChain performed better than five currencies when compared against the US dollar. TRON, Ethereum Classic and Stellar also...
Making banknotes is expensive and complex. So whilst some countries, like America, still print their own notes, many governments have begun to outsource their production. Yet in an unexpected turn of events, one of the world’s most successful currency printers is not a commercial company – it’s the Australian Government. A...
The Bank of England is warning that virtual currencies could pose a serious threat to financial stability if their growing popularity leads to a mainstream take-up in Britain. As a result, the bank is urging regulators and the government to develop policies for managing the currencies, such as Bitcoin. The view...
Just when investors thought the Euro crisis was over comes research showing that financially-savvy Brits say they are concerned about the collapse of the currency and what it means for them. The study by wealth advisors Towry revealed that 13% of Brits have Euro collapse fears, particularly now France is...
Cryptojacking has increased by more than 450% this year and shows no sign of slowing down, according to new research. Cryptojacking is when a remote computer illicitly takes control of a device and harnesses the processor power to mine cryptocurrency. The Cyber Threat Alliance (CTA) says detections of malware have increased...
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...
Money transfer firms are ripping off customers by making them pay four times over the odds to switch their cash from the UK to an overseas destination, according to experts. More than £600 million is wasted each year in transfer fees – most of which the operators are hiding, claims...
With around six weeks left until Latvia becomes the 18 country to join the European Union (EU), support for adopting the euro wanes in the Baltic state amid the stresses of unemployment and Russia’s influence. The SKDS survey, released on Wednesday, polled 1,000 Latvians on their attitude towards adopting the...
Two leading Bitcoin promoters face money laundering charges after they were linked with helping gangs finance buying and selling illegal items on an underground web site. The pair allegedly sold £600,000 of the virtual online currency to users of the web site Silk Road, who wanted to sell drugs. The two...
Horrified investors who have accounts with one of the world’s largest Bitcoin exchanges are set to lose more than a third of their money following a $65 million hack. Even if their accounts were unaffected by the theft, Bitfinex will take 36% of their deposits to help compensate customers who...
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...
Expats in Europe and the US are at the mercy of foreign currency exchange markets even though those paid from pensions or savings in the UK have had their spending power boosted over the past year or so. The Pound is up more than 9% against the euro and 15%...
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...
Expat shoppers are cashing in on the slump in the pound by buying their favourite groceries and clothes online from British web sites. Online retailers have seen a massive spike in sales as the result of the plunging pound. One major clothing retailer, ASOS, saw their web site crash. The official reason...
Ukraine stands on the brink of economic disaster as the battle between the European Union and Russia plunges the fraught nation’s currency to a four-year low. Mass protests swept across Kiev in November 2013 after Ukrainian President Viktor Yanukovych walked away from a trade deal with the EU, instead announcing...