The bank initially plans to offer settlement options in euro and British pound sterling
and will support its customer language requirements in English, French, German, Italian and Spanish.
Travelex's new chip & PIN cards offered in Euro and British Pound Sterling
will provide the same level of technical compatibility for U.
In addition, recent exchange rates of the British pound sterling
to the US dollar are comparable to levels realized during the last three quarters of fiscal year 2009, and if maintained, are no longer expected to significantly impact quarterly sales comparisons year-to-year.
Available currencies include: Australian dollar (AUD); Canadian dollar (CAD); Danish krone (DKK); euro (EUR); Hong Kong dollar (HKD); Japanese yen (JPY); Mexican peso (MXN); New Zealand dollar (NZD); British pound sterling
(GBP); Swedish krona (SEK); and Swiss franc (CHF).
As a result, fluctuations in the exchange rate of the British pound sterling
and euro compared to the U.
In addition, we believe that if the current trends continue, exchange rate losses could decrease going forward as the rate of exchange of British pound sterling
and euros to the U.
Also, the continued strength of the US dollar against the British pound sterling
is expected to result in lower reported sales and operating expenses for our UK operations, as its sales and expenses are translated to US dollars at the lower exchange rates.
While the British pound sterling
found strength in the decisions and comments from the BOE, holding support levels above $1.
Sales in the United Kingdom in British pound sterling
were actually slightly higher year over year for both periods, however, when we translate those sales into US dollars, the strengthening of the US dollar compared to the British pound sterling
resulted in a decrease in sales of approximately $0.
CHICAGO -- On his Thursday morning edition of "FX Overnight," currency market professional Kevin Cook looked at the break down of the British pound sterling
to multi-decade lows.