Companies engaged in foreign trade transactions worldwide are active participants in international Forex market. For exporters, there is a constant need to sell foreign currency, while importers - buy it.
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Osborne upset that floating exchange rate, er, floats! George Osborne has today accused the government of causing a “sterling collapse, a run on the pound”.
Osborne upset that floating exchange rate, er, floats! George Osborne has today accused the government of causing a “sterling collapse, a run on the pound”. No doubt he is trying to evoke memories of 1970’s “sterling crises” (Osborne is rather obsessed with the 1970’s - when Labour nationalised Northern Rock in February, Osborne’s response was to say “We will not back nationalisation. We will not help Gordon Brown take this country back to the 1970s.”) However, you can only h