We received 50% more currency enquiries in the first week of November compared to the first week of October in 2023. Why? Well, according to Privalgo’s currency experts, unpredictable US economic data caused significant movements in the value of the dollar against...
The shipping container industry is a multi-billion-dollar industry and a vital part of the global economy. It is estimated that 80% of all goods are carried by sea. Moving goods over vast distances, and through different transportation modes, exposes businesses to a...
Recently, Privalgo has seen a huge influx of sterling purchases. The current banking crisis has impacted banks all over the world, but, presently, the UK banking sector appears strong. As a result, investors are taking advantage of the UK’s sturdy banks and are...
The global banking sector has this week faced some of its toughest times since 2008. As a result, financial uncertainty is spreading across the global business world, and many businesses are looking for ways to move money quickly, safely and reliably across...
In light of March’s news regarding the collapse of SVB, we’d like to reiterate that we’re here to support you. We’re able to offer express account opening, giving you access to named multi-currency accounts. Here, you can securely send and receive your funds....
The 2023 Spring Budget has been announced, and with it comes an increase in corporation tax from 19% to 25%. Such a move brings fresh challenges for corporates across the country. Depending on how the foreign exchange markets view the decision, we could see sterling...
