When you prepare to transfer money overseas – whether you’re looking to purchase equipment, pay for a service, diversify your investments, fund tuition, pay for your international accommodation or any other reason – the four steps below are critical to avoid being unduly parted with your money.
The British Pound or Pound Sterling, home currency of the United Kingdom, is the oldest actively traded currency in the world. London is one of the largest forex hubs in the world. The pound is the third most commonly held reserve currency, the sixth largest currency by GDP and the eighth largest in purchasing power parity.
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