The currency blog

Online International Payments

Currencies Direct have introduced iPayFX for individuals - an online cross border payments system which makes online international payments as simple as domestic ones.

iPayFX gives you 24/7/365 online access to cross border transfers so you can make faster international payments when it suits you. Any clients you refer to Currencies Direct have access to this FREE system to send funds abroad as soon as they register with us.

We’ve created a system that is really quick and easy. You can check the rate, select a beneficiary and make a payment in a matter of seconds. iPayFX is straightforward to use and totally secure.

Once clients have signed up for iPayFX they can go online to set-up payments whenever they like and wherever they are. They still have access to their personal dealer so if they prefer to talk to someone this service is always available.

Visit www.ipayfx.com for more information or click here to see a brochure about iPayFX for Individuals.

‘FAIRY DUST’ BUDGET IS PURE DISNEY

Responding to the Budget, Mark O’Sullivan, Director of Dealing at international money transfer specialist Currencies Direct, said:

“Sterling remains unchanged in the currency markets - following the no show-stopper Budget.  It appears the world’s debt markets continue to support the Government’s austerity measures - so long as growth remains within the government targets.  However, the Chancellor could find that the world markets desert him and lose confidence in him.  The UK growth and public borrowing are not in line with the already over optimistic projections by the OBR.

“If inflation stays persistently high, the credibility of the Bank of England may start to come into question -and the UK may find itself in a position where both the Government & Bank of England’s credibility will come into question

“Inflation falling back to 2.5% is over-optimistic, given recent commodity price increases and the surge in oil prices - which are not taken into account in the current inflation rate as yet.   

“The 1p cut in fuel looks at first glance to be putting money into people’s pockets, but will quickly evaporate as the cost of living continues to rise.”

AS IT HAPPENED

12.38pm….Chancellor underlines fact UK still has the confidence of world’s debt markets - when it comes to Government borrowing

12.41…OBR inflation target for 2012 is far too optimistic!

12.50…At a time when Ireland is being punished by the Eurozone, the UK has the flexibility to reduce its corporation tax down to 23% - to encourage growth

12.57…NON DOMS to be given tax relief on UK investments

12.59…Money laundering regulations are to be made less of a burden

13.00…If interest rates rise, this provides a safety net for homeowners who may face unemployment

13.08..£2BLN FOR GREEN INVESTMENT BANK - could this be better allocated elsewhere?

13.13…45mins into Budget, we’re still waiting for the showstopper….!

13.29…Fuel duty cut by 1p a litre

We’re on a journey through France bringing information to ex-pats to help them negotiate the pitfalls of international finance, making their money go further. The first two free ex-pat forums took place on 1^st and 3^rd March and were a great success. Next week the tour visits Monbazillac in Aquitaine and Rivel in Pyrenees Roussillon.

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After many years of managing our business in Portugal from our Iberian hub in Spain we felt the need to provide a fully operational office to service the needs of our clients and affiliates. As well as providing a base for our partners to drop in with any queries we now have a point of focus for our customers - where they can come to understand the benefits of our services. Read the rest of this entry »

If you’ve visited our website www.currenciesdirect.com recently you’ll notice it’s had a radical facelift. We’ve worked closely with an expert website design company to enhance the navigation and features on the site, based on customer feedback.

At present you will notice there is not an Affiliate section in the main navigation - that’s because we’re busy building a site especially for you! All the features for affiliates are still available just click ‘affiliates and partners’ located at the bottom of the website or follow this link: https://www.currenciesdirect.com/affiliates-and-partners/overview/

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A lifestyle in Spain still retains all the attractions sunshine, lifestyle; however the troubles with the Spanish banking system have removed some of the sparkle.

A positive is that measures have been taken to merge some of the savings banks; both large and small have been strengthened by their respective mergers. We are still seeing a number of clients that wish for a life in the sun and the increased positivity from the financial institutions is aiding their purchases.

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