August 2021 Monthly
Currency Report for SME’s

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

Download Your Free Currency Report - August 2021

Fill in your details below to receive your digital copy:

Tell us what’s your preferred currency pair, so we can personalise our emails for you:

How often would you like to receive exchange rate updates?**

By clicking submit below, you consent to allow CurrencyTransfer to store and process the personal information submitted above to provide you the content requested.

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

Vlieghe joins the Doves

  • MPC members fairly evenly split over support
  • Furlough number at lowest since Pandemic began
  • Inflation remains transitory according to Bailey
  • Sterling beginning to exhibit underlying strength

GBP – August what to watch

Hawks vs doves at MPC

  • MPC to meet early in August
  • Sterling to remain reactive to monetary policy
  • Concerns that the fall in infections is cosmetic
  • Inflation beginning to level out?

USD – July in review

FOMC remains unsure of recovery

  • No FOMC until September
  • Time for picture to change
  • Inflation and growth remain strong
  • Q2 GDP on target

USD – August what to watch

Dollar remain in current range

  • Greenback to lack drivers in August
  • Lull to see dollar fall to test support
  • Next FOMC to face tough decisions
  • Inflation to fall, but not to the required level

EUR – July in review

ECB showing patience

  • Inflation adjustment, a matter of contention
  • PEPP in place until Q2 ‘22?
  • ECB Council taken over by doves
  • Germany taking care of itself?

EUR – August what to watch

Euro to face pressure

  • Euro to suffer as ECB keeps rates lower for longer?
  • Lagarde desperate to avoid previous errors
  • Inflation stance to attract criticism
  • ECB next meets on 9/9

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