February 2020 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 – January in review

MPC or Brexit: Take your Pick

  • Bank of England leaves rates unchanged
  • Sterling volatility increases
  • Brexit finally happens; mixed views on next move
  • EU playing tough over trade U.S. more conciliatory

GBP – February what to watch

Economic factors to be main driver

  • Discussions over EU trade deal to commence
  • Sterling reactive to data as MPC stalls
  • U.S. to keep up pressure over Huawei
  • Post Brexit economic outlook mixed

USD – January in review

FOMC something of a “snoozefest”?

  • FOMC a little more dovish than expected
  • Trump’s trial continues; verdict sooner than later
  • Economic data mixed. Dec employment sluggish
  • Dollar index tests resistance on risk fears

USD – February what to watch

How will Virus affect economy?

  • Trade becoming main driver after 30 year gap
  • Employment report expected to remain in mid-range
  • Is this Trump’s final State of the Union?
  • Dollar index to track economy as FOMC watches on

EUR – January in review

ECB best option? A strategic review!

  • ECB disappoints... Again
  • Confidence continues to outstrip consumption
  • Inflation a little higher
  • Lagarde happy to continue Draghi’s legacy

EUR – February what to watch

Can “green shoots”continue to grow

  • Evidence needs to be more than anecdotal
  • Euro struggling for traction
  • Coronavirus an indirect but real risk to trade
  • Brexit concerns to surface

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