The list below is a collection of articles that refer to, mention or discuss Foreign Exchange.
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 is a power … Read more
CFDs and forex trading are rising in popularity – but are just easy ways to lose money or a profitable way to play the markets? Even well-respected investment platforms offer the opportunity for spread betting, CFDS and other ways to speculate with shares, commodities and foreign currencies. But police and regulators warn that some brokers … Read more
Transferring money from Britain to Thailand often leaves a sour taste because most people think the bank or exchange bureau has conned them. The companies are in foreign exchange quite literally for the money. They know that anyone who wants to send money between countries and currencies has to use a transfer service. On the … Read more
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 same infrastructure as the banks … Read more
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 consumers and have set up … Read more
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 after realising customers changing … Read more
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 weak point in security. The … Read more
Greek Prime Minister Alexis Tsipras has pledged pensions and salaries will be paid despite bank cash machines starting to run out of cash. Displaying a siege mentality, he made a defiant speech to the nation that was aimed more at Eurozone finance ministers and the International Monetary Fund. He wants to renegotiate Greece’s debt repayments … Read more
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 $2 to 31 in 2008 … Read more
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 of the European Mortgage Credit … Read more