November 2024 Monthly
Currency Report for SME’s

Energy, Experience, Expertise. Download Your Corporate Foreign Currency Exchange Report

Download Your Free Currency Report - November 2024

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Protect Your Business with Monthly Currency Reports

Our free monthly currency exchange report aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX business. Read more about the impact of exchange rates on international commerce.

Download our free monthly currency report and to keep up to date with key events throughout the month. The free currency reports analyse historical charts and provide the basis for discussion with stakeholders across your foreign exchange business. The monthly currency report provides a useful resource and meaningful insights for currency risk management policies.

For more helpful information for small and medium enterprises, check out our guide to trade finance for UK SMEs.

GBP – October in review

Inflation falls to a 3 year low

  • Headline Inflation falls to 1.7%
  • The MPC paused its rate cuts
  • Reeves is accused of breaking a manifesto pledge
  • Sterling falls as the dollar soars

GBP – November what to watch

Budget will add volatility

  • Personal taxes remain unchanged
  • Small businesses are hammered
  • The next rate cut may be on hold
  • The pound is driven by interest rates

USD – October in review

All eyes are on the Fed

  • FOMC pauses its cycle of rate cuts
  • Powell is accused of “jumping the gun”
  • The economy may sway the vote
  • The dollar is reacting to Fed Hawkishness

USD – November what to watch

Trump or Harris?

  • The election is likely to see increased volatility
  • A Trump victory would see Tariffs introduced
  • There are still doubts about the economy
  • The dollar could gain from increased policy divergence

EUR – October in review

The ECB cuts for a third time

  • The ECB has now lopped 75 points off its base rate
  • Lagarde is concerned about tariffs
  • Lane wants to see rate cuts continue
  • The Euro is suffering “death by a thousand cuts”

EUR – November what to watch

Will Trump add to EU woes?

  • More cuts are expected
  • Schnabel is switching from inflation to growth
  • How far and by how much
  • The euro may suffer as the Fed turns more hawkish

Don’t take our word for it.
see what others are saying

The best I've found

I just completed my first transaction (GBP to USD) with CurrencyTransfer and I will certainly be coming back whenever I have a currency need. Account setup was smooth — even with all the regulatory hoops. They were efficient, responsive, flexible, and the web-based trading interface gave me an excellent rate, close to spot. Once I'd settled the trade, the funds we're transferred to the destination bank almost immediately. What more could you want?

Daniel R

United States

Highly customised support

Used Currencytransfer.com in connection with a house purchase in France. Involved a mixture of forward and spot transactions, and several adjustments to take into account changing deadlines. The team there provided a highly personalised service, pulling out all the stops to ensure the funds arrived on time after delays elsewhere. Would highly recommend for complex, high value transactions, and am planning to use them regularly from now on to top up my French bank account.

Alex

United Kingdom

Excellent Service

I have made two transfers so far and all has gone smoothly. Good exchange rates when compared to other exchange sites, and notifications at every step to keep you informed. Queries, if you have them, are answered promptly via personal email. So far excellent service.

Peter K

Spain