Archive for November, 2009
Bank of England
The Bank of England has revealed today that it secretly lent RBS and HBOS a total of £62 billion in the form of Emergency Liquidity Assistance at the height of the credit crisis following the collapse of Lehman Brothers in the Autumn of 2008.
The Bank of England acts as the “lender of last resort” to [...]
Currency Update
Posted in Currency News Currency Updates by mporter
The US Dollar remains under pressure as gold soars past $1,130 an ounce. EURUSD climbed as high as 1.4993 and has now settled around 1.4970. The Pound has also had a good day against the US Dollar hitting an interbank high of 1.6780 so far. The markets will now be eyeing Fed Chairman Ben Bernanke’s [...]
Comparing Currency Matters with Your Bank
Posted in Miscellaneous by mporter
In a recent comparison conducted for one of our corporate clients who imports tiles, Currency Matters saved them a staggering £1,184.13! Please find full details of the comparison below.
Currency Matters Quote:
Client buys EUR 50,000.00 @ 1.1151, client sells £44,839.03. No fees or commission charged.
High Street Bank Quote:
Client buys EUR 50,000.00 @ 1.0870, client sells £45,998.16 [...]
Economic Calendar
Posted in Currency News by mporter
This week sees a significant amount of important economic data announcements. The main focus for Sterling will come on Thursday 5th November when the Bank of England meets to announce its latest interest rate decision. Whilst it is widely expected that the Bank of England will keep interest rates on hold, there has been a [...]
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