August 2018 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 – July in review
May’s Brexit proposals savaged
- Chequers proposals attacked from all sides
- Johnson & Davis resign
- Economic data uniformly weak
- Pound in limbo ahead of Brexit outcomes
GBP – August what to watch
UK in danger of hard Brexit
- May to lead Brexit negotiations
- 80% chance of rate hike
- Inflation to remain steady
- Second referendum or election both possible
USD – July in review
Trump concerned over Dollar
- President fears rate hikes will slow economy
- Q2 GDP justifies Powell decisions
- Trump holds effective talks with Juncker…
- …but savages EU over Brexit & NATO over spending
USD – August what to watch
Trade concerns to remain
- Trade war with China continues
- Monetary policy to drive dollar higher
- Employment rate set to top out
- Wage inflation to rise again
EUR – July in review
Dovish ECB lowers Euro
- Draghi remains on track
- ECB desire to hold euro lower is working
- Political issues continue in the background
- Tough Brexit stance an example to others
EUR – August what to watch
Can EU & US agree a trade pact?
- Both sides have much to lose
- QE reduction set to start
- Macron losing support from all sides
- Rising German inflation to concern Bundesbank
Don’t take our word for it.
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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