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The FairFX Foreign Currency Exchange Blog
The blog primarily focuses on the major currencies in the Foreign Exchange markets, it discuss how economic data and indicators affect the currency market movements. It is designed to provide FairFX customers with straightforward information to make ...
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The FairFX Foreign Currency Exchange Blog
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Locking in great rates - Prepaid leads the way!
With the continuing bad weather, bleak economy news and waking up to Simon Cowell on the front pages of the papers every day, there is a tiny ray of light for the British public as they can now get more Euros to the Pound than any other point in the last 3 & ½ years! FairFX and other prepaid providers have continually been mentioned throughout the press this week as journalists push people towa...
Market Report 4th May
Sterling rose to a 22-month high against the euro on Thursday as concerns about debt and economic weakness in the euro zone pushed investors towards the relative safety of the UK currency. Some analysts expected the pound to continue a gradual ascent, leaving it poised to rise towards levels not seen since the the collapse of Lehman Brothers in autumn 2008. The pound shrugged off a survey showi...
Market Report 3rd May
On Wednesday morning, sterling hit a 22-month high against the euro on after UK construction data exceeded expectations while the euro zone manufacturing sector contracted further and unemployment rose, highlighting the divergence between their economies. The data fuelled safe-haven demand for the pound, which has rallied strongly against the common currency in recent months as investors diverted...