February 2021 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

Brexit? What Brexit?

  • Rising infections bring major concerns
  • Sunak under pressure
  • Brexit a hidden menace
  • Sterling range bound

GBP – February what to watch

Lockdown pressure to remain

  • Financial services are still a Brexit issue
  • Ongoing unemployment a dilemma for Sunak
  • Lockdown to remain until Easter?
  • Sterling dependent on dollar index

USD – January in review

Biden promises Unity

  • Trump impeachment likely to go ahead
  • Bipartisan support hopes fade
  • Biden warns of two-month Covid horror show
  • Dollar index caught in risk vortex

USD – February what to watch

Unemployment the challenge

  • Democrats to go it alone?
  • China trade talks on the horizon
  • Yellen to take up Treasury position
  • China to overtake U.S. in five years

EUR – January in review

Banks reticent about lending

  • Banks avoiding corporate loans to buy debt
  • Euro strength adding to deflation
  • ECB remains unmoved by crisis
  • Recovery delayed not derailed

EUR – February what to watch

Threat of further departures

  • Brexit success driving other nations
  • Conte resignation throws Italy into turmoil
  • Delay in support hits home as Brussels prevaricates
  • Euro to remain relatively strong as dollar wilts

Don’t take our word for it.
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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