We're adding new posts all the time, be sure to check back regularly.
Specialist currency brokers like Escape Currencies, have been serving clients for over 20 years, but still remain unknown to many, with some people confusing us with Forex traders where people are betting/gambling on the currency markets or bureau de changes companies. It is correct to say we all exchange currencies, but our similarities stop there with how…
A spot contract is the most commonly used and basic form of foreign currency exchange. Think of it as a ‘buy now, pay now option’. It is available to any business or individual who have the need to complete a foreign currency exchange transaction.
Time waits for no one in the currency markets. Only two weeks ago we reported that the pound had reached its best price against the euro since the pandemic struck last year and it became one the hardest hit currencies as result of a big global turn down, dropping to 1.05 at its lowest point in March 2020. Since then its been a long road to recovery for pound sterling.