Industry news and views from Panacea and our partners.
FX/Currency_
US jobs numbers cannot push USD higher.... yet
Say what you want about the Bank of England, and thats what Im paid to do, but they are hammering home the message in the press that borrowing costs may increase sooner rather than later.
USD swoons as stimulus bets increase
Sterling was the best performer globally yesterday with the market taking two comments from the EU negotiators positively.
Panacea preferential rates on foreign payments with FAIRFX
FairFX offers a bespoke currency management service to help individuals and businesses maximise their overseas currency exposure. FairFX have helped over a million customers manage their currency requirements. Making same day payments with zero handling fees saving on average around 4% compared to high street banks on our clients currency exchange rate.
FairFX: Brexit: what does it mean for your pounds?
Not another article about Brexit! Everyones had enough. But if youre planning a getaway in the coming weeks or months, and will be needing foreign currency, then this one might just help you save some money.
Pound spikes as conservatives win general election
This morning we learned that Boris Johnson will remain as the UK Prime Minister after the Conservatives won with a 72 seat majority (having won 361 seats with 648 of 650 seats declared) which saw the pound react positively as the results of the vote were announced.
M&G: Currency wars: tweetstorm in a cup?
The Fed delivered its much anticipated interest rate cut at the end of July. In this months video, Investment Director, Ritu Vohora looks at the implications for the US dollar. Could the US Treasury resort to direct FX intervention, if Fed cuts alone do not suppress dollar strength?
Legg Mason: Stocks: Five Currency Myths Debunked
In support of Brandywines equity funds, this article explains five held misconceptions about currencies role in global equity investing.