Octeber 2024 Monthly Currency Report for SME’s
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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 – September in review
The Bank of England holds Firm
- The MPC “goes it alone”
- Reeves ignores her paymasters
- Core inflation rose in August
- Sterling breaks two barriers
GBP – Octeber what to watch
Inflation is still the key
- Reeves’ first budget is looming
- The BoE retains its hawkish bias
- PM’s approval rating is collapsing
- Sterling to remain strong
USD – September in review
Fed votes for a “jumbo” rate cut
- Powell regrets August's decision
- The economy is “well-balanced”
- The fed vote was divided
- The dollar is on the back foot
USD – Octeber what to watch
The Fed’s bias has changed
- A soft landing is still possible
- Another fifty-point cut is possible
- Trump is a threat to Fed independence
- A dollar recovery is likely
EUR – September in review
ECB cuts by a further 25 points
- Draghi sets out his vision
- Inflation fell to a three-year low
- Lane is still concerned about inflation
- Euro strength will harm exports
EUR – Octeber what to watch
Draghi sets out his vision
- One cut per quarter is expected
- Growth is expected to improve to 3.1% in ‘25
- The ECB expects 2% inflation next year
- The euro has limited upside
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