Why countries like Argentina and Turkey fret about exchange rates

IMAGINE if Milton Friedman had been put in charge of a central bank, only to lose his job for expanding the money supply too quickly. Or if Robert Shiller, the Nobel-prizewinning author of “Irrational Exuberance”, were given a similar post, only to depart having allowed a stockmarket bubble to inflate. That is the kind of […]

Pound to euro exchange rate: Sterling ‘hits a low’ ahead of UK employment figures

The pound to euro has fallen in favour of the European currency today, Tuesday 12 June. Pound sterling is converting to €1.1351 according to Bloomberg figures correct at 7:20am this morning. This compared to yesterday when it converted to the higher value of €1.136. Laura Parsons, currency analyst at TorFX, told Express.co.uk negative employment data […]

Pound to euro exchange rate: Sterling at best rate this week – GBP reaches 1.142 EUR

The pound to euro exchange rate has climbed today thanks to good trading in the private sector. This was revealed by a good forecast for UK services Purchasing Managers’ Index (PMI). These economic indicators survey private sector companies for performance. The sector is said to be recovering, reaching a three month high. Pound sterling has […]

The New York Stock Exchange Has Its First Woman President. Is She on a Glass Cliff?

In April, officials in New York City decided to move the “Fearless Girl,” the statue commissioned by a financial firm to stare down the Charging Bull of Wall Street, in what became a symbol of female grit, to a spot outside the New York Stock Exchange. Just over a month later, the NYSE announced that […]

Pound to euro exchange rate: Sterling ‘edges HIGHER’ amid record high UK employment levels

The pound to euro exchange rate has fallen in favour of the sterling currency today, Wednesday 16 May. Pound sterling is converting to €1.1418 according to Bloomberg figures correct at 7:20am this morning. This compares to yesterday, when it stood at the lower value of €1.1355. The day before, on Monday, it converted to the […]

Pound to euro exchange rate: Sterling to ‘push HIGHER’ against rival currency expert says

The pound to euro exchange rate fell in favour of the European currency today. Pound sterling sat at €1.1355, according to Bloomberg figures at 8.30am this morning. This continues on from yesterday, when the pound was converting at €1.1332. The poor figures are a disappointing start after promising data last week. There was a mid-week […]

Pound to euro exchange rate: Sterling ‘SLIDES’ again after Bank of England rate hold news

The pound to euro exchange fell towards the European currency today, Monday 14 May. Pound sterling converted to €1.1332, according to figures accurate at 7:15am this morning. This is even less than ahead of the weekend, when the pound had dropped to €1.134. This followed a mid-week high for the sterling currency of €1.1424 last […]

South Korea’s largest crypto exchange raided by prosecutors

Reuters/Christinne Muschi South Korean crypto exchange Upbit was raided by prosecutors on suspicion of Fraud, Yonhap news agency reported. Upbit sent a note to clients saying it is cooperating and clients’ assets are secure. (Reuters) – South Korean prosecutors raided the country’s biggest cryptocurrency exchange, Upbit, on Thursday and Friday on suspicion of fraud, Yonhap […]

Airport exchange rates reach SHOCKING new lows – with some offering just 90 cents

Airport exchange rates, whilst notoriously offering worse rates than the high street, have reached shocking lows. Travel money expert FairFX has found that some airports are offering average rates 13 per cent lower than the market rates. Holidaymakers who are making the most of the long weekend are being advised to plan ahead. Some airports […]