Digital currency Dogecoin gains 20% in value after Elon Musk tweets about it

Digital currency Dogecoin gains 20% in value after Elon Musk tweets about it while dismissing Bitcoin as ‘BS’ The Tesla CEO mentioned Dogecoin in a series of tweets on Sunday The cryptocurrency, which began as a parody, now has a market value of nearly $570million While Musk’s posts and jibes at Bitcoin may have been … Read more

Beware of sneaky ‘inactivity’ fees on currency cards

Holidaymakers whose travel plans were dashed this year need to watch out for sneaky ‘inactivity’ fees on prepaid currency cards By Laura Shannon, Financial Mail on Sunday Published: 21:51 BST, 10 October 2020 | Updated: 21:51 BST, 10 October 2020 Holidaymakers whose travel plans were dashed this year need to watch out for sneaky ‘inactivity’ … Read more

Post Office: GBP worth more as holiday currency than last year

Demand for foreign exchange is recovering after a prolonged lockdown slump, with sterling worth more against all major holiday currencies compared to August 2019. That’s according to a new report, the Holiday Money Index of 2020, by Post Office Travel Money, which has been measuring exchange rate movements and foreign currency sales. The report also … Read more

Beware ‘bedroom traders’ boasting of fortunes made from currency bets

Connor Walsh claims to have it all. A Lamborghini, the freedom of a £3 million mansion and a jet-setting job — all by the age of 25. Standing in front of his indoor swimming pool, he starts to tell his 138,000 Instagram followers how he did it. He struts over to his home bar and … Read more

De La Rue sees profits hit by poor start to the year in currency arm 

Passport and banknote maker De La Rue sees profits hit by a poor start to the year in its currency arm By Daily Mail City & Finance Reporter Published: 22:20 BST, 31 March 2020 | Updated: 22:20 BST, 31 March 2020 De La Rue predicts adjusted operating profit for the 12 months ending March 27 … Read more

Barclays customer who tried to transfer foreign currency left waiting for weeks

Why wouldn’t Barclays let me close my account and move £38,000? Customer left waiting EIGHT weeks to transfer foreign currency Robert Cooper closed his main Barclays current account in 2017 Last December, he tried to close three foreign currency accounts and move cash For eight weeks a string of bank employees told him he was … Read more