News from May 2009
Full ESTA Implementation Delayed
Department of Homeland Security ESTA director Beverly Good announced to the Industry at the Annual Pow Wow in Miami that full implimentation of ESTA has been delayed by up to a year!Compliance has been around 87%, but Good says that airline systems need further time to update, and that some travellers are still preparing to travel without completing the online system. Therefore the exisiting I 94 forms will still need to be completed on the airline for the foreseeable future. Good said it could be January 2010 before the transition is completed.
Posted on 20 May 2009
Survey Closed
The Annual Property Management Survey is now closed for this year. The results will be published in June, and all subscribers will receive their complimentary copy with the June issue of Florida Homes and Travel. The survey will also be available for individual purchase later that month.Posted on 7 May 2009
Can Sterling remain above $1.50 boundary?
Last week the markets opened with a strong Dollar as many investors took a risk adverse approach, given the fear of a Swine Flu pandemic affecting world travel, imports & exports and the farming industries.The Dollar failed to hold its strength though, as the Fed continued its quantative easing strategy by holding the Fed rate at 0.25%, highlighting that the economy is still under pressure. More bad news followed when GDP figures came in worse than expected and exports were down 30%, the lowest figure for 40 years.
Sterling responded by nearly reaching the $1.50 mark last week and finally achieving this desirable Sterling to Dollar rate only on Tuesday .
What can we expect in May?
More of the same. Dollar buyers should look at setting a limit order around $1.50 whilst Dollar sellers should look at $1.45. Today will see some short term movements against the Dollar, and the reaction to the unemployment figures being released Friday in the US may cause a movement away from these levels.
If you needs to exchange your currency in the coming months, give Moneycorp a call or see our foreign currency pages. Moneycorp can help manage currency risk in addition to offering the most competitive rates and service in the industry.
Posted on 7 May 2009
