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Daily News update on the currency market supplied by send money home

Make trading of foreign exchange products easy

Now-a-days, foreign exchange trading has become a matter of relieve. Traders, businesses and organizations find no difficulty in carrying out their trade across the globe. This has been successful through foreign exchange market. Forex market lays down a specific exchange rate to convert one currency into another. Foreign exchange market involves trading between various banks, government organizations and corporations. In order to expand their services, many foreign exchange service providers offer foreign exchange products to their clients.

Foreign exchange products trading not only satisfy the demands of various traders but also attract new traders from the globe. By getting foreign exchange products services, traders find it as a reward to get added products. The foreign exchange products may be:

• Interest rates.
• Equities.
• Commodities.
• Investment products.
• Travel insurance.
• Foreign bank drafts.

Every year, people travel to UK either for leisure purposes or for trading. At that time foreign exchange service providers prove out to be helpful. Foreign exchange services make your trip and trade triumphant. The exports, internal banking, development and other such features affect the value of currency. Foreign exchange services providers keep you updated with the latest exchange rates. These services also provide you with foreign exchange products in UK.

Before choosing a foreign exchange service provider, make sure that they are certified by Financial Service Authority (FSA). A well regulated and authorized foreign exchange service provider will provide you with each and every add-on services and products. Though there are various foreign exchange products banks that provide foreign exchange products, but the most efficient and reliable services are provided by the dealers of foreign exchange market.

So, if you are willing to trade in foreign exchange products, then contact a foreign exchange dealer today

Bank of England to introduce a new round of quantitative easing

Send Money Home Daily Currency update Pound Sterling The Pound has hit a two-week high against the US Dollar and has made gains against the Euro after the UK posted better-than-expected PMI data for its services sector. The PMI data showed that the UK’s most important sector rose to 53.7 in August instead of the predicted...

Markets favour riskier assets over the safe-haven Dollar

Send Money Home Daily Currency update Pound Sterling The Pound rose toward a three-month high against the US Dollar, and most of its counterparts due to the UKs latest PMI report showed that...

Australian Dollar low due to poor retail sales data

Send Money Home Daily Currency update Pound Sterling The Pound remains trading up against the US Dollar following volatile trading on Friday due to the markets interpretation of the Federal Reserve speech by...

US Dollar gained due to better-than-expected economic data

Send Money Home Daily Currency update Pound Sterling Sterling recovered from a three-week low against the Euro late yesterday after traders increased demand for the UK currency. Its rise was limited however by...

European Central Bank to launch a bond-buying program

Daily Currency update Pound Sterling The Pound has fallen to a three-week low against the Euro after investors bought the single currency in order to meet their end of the month commitments. The...

Kiwi Dollar’s strength had eroded recent gains in commodity prices

Send Money Home Daily Currency update Pound Sterling The Pound has begun the week trading down against the US Dollar following last week’s revision of the UK’s GDP figures. The revised data showed...

Federal Reserve to implement further monetary stimulus

Send Money Home Daily Currency update Pound Sterling Sterling has steadied after hitting a three-month high against the US Dollar yesterday. The rise came as the Pound was buoyed by market expectations that...

European Central Bank begin plans to ease Italian borrowing costs

Send Money Home Daily Currency update Pound Sterling The Pound has hit a 3-month high against the US Dollar, a 7-week high against the Japanese Yen and a 2-week low against a buoyant...

European Central Bank new bond buying programme

Send Money Home Daily Currency update Pound Sterling The Pound has climbed against the Euro after the European Central Bank quashed rumours over its bond-buying programme. An ECB spokesman said that it was...

Pound trading at a six-week high against Euro

Send Money Home Daily Currency update Pound Sterling The Pound rose against the Euro and came close to trading at a six-week high against the Japanese Yen thanks to last week’s release of stronger-than-expected economic data. The firm data has caused economists to think that the country’s economy is not as weak as previously thought. Above-forecast...