Foreign exchange: how to invest in the hottest of sectors
As holidaymakers pack their suitcases, the pitiful value of the UK pound, which has recently fallen to two-year lows against the US dollar and six-month lows against the euro, may be a cause for concern. UK companies trading overseas have been feeling the pressure for a while, meaning effective currency management is of growing importance. The good news, for both businesses and holidaymakers, is that the growth in foreign exchange providers and consultants means that companies and individuals no longer need to get ripped-off by their banks or the airport bureau de change. The good news for investors is that the high demand for good FX services has bred a mini sector on the stock markets which is proving popular. Here we run through the investment cases of some of the UK’s best FX providers.
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