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Almost a quarter of all foreign exchange transactions in 2011 (24.99%) were sent to Spain. However, while France took the third spot with 14.83% of all transactions followed by the US in fourth place at 9.01%, one of the most surprising results was the volume of transactions sent to the UK last year, according to date by Currency Exchange Index.
Hungary has asked the International Monetary Fund (IMF) and the European Union (EU) for financial aid as its debt pile grows and its currency weakens.
Managed by Helen Lam, the Luxembourg-based fund offers investors a direct, cost-effective and low risk way to benefit from the strenghening of the Chinese Renminbi (RMB) versus the US dollar.
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The Financial Services Authority (FSA) has forced bankruptcy upon a man who was behind a £4.8m unauthorised collective investment scheme (CIS), after he failed to pay money back to his investors.
Barclays Wealth International has launched an online tool which monitors forex rates. Called Barclays Wealth iAlert, the tool allows for the monitoring of up to 75 currency pairs.
The Swiss franc will remain one of the most desirable currencies in Europe unless the old Deutschemark is resurrected, is the prediction being made by Stuart Thomson, Chief Economist at Ignis Asset Management.
The eurozone will dominate the week ahead, and a rating cut from the European Central Bank is on the cards, says Barclays Wealth equity strategist Henk Potts.
Sterling is not gaining safe haven status as some suggest, says Barclays Wealth equity strategist Henk Potts, and it would be a mistake to give up on balanced long-term investing now.
Jittery stock markets and the continuing debt crisis see investors opting for 'safe haven' currencies.
In a new series for Professional Adviser, each month we will bring you a snapshot of the views of Cazenove multi-manager head Marcus Brookes and co-manager Robin McDonald
Equity markets are pricing in a double dip, high-yield looks attractive, and volatility of gold returns are likely to increase, according to head of investment strategy at Barclays Wealth, Kevin Gardiner.
The improved service offering will mean that customers will be able to transfer from as little as £50 up to a maximum of £300,000 online (unlimited offline).
You can call the economic woe that’s spreading across the EU a sovereign debt crisis, but best advice for IFAs with international clients is not to panic over currency markets, says forex specialists HiFX.
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