July 2021 Monthly
Currency Report for SME’s

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

Download Your 8 Page July Bulletin

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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 bulletin and to keep up to date with key events throughout the month. The free monthly 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 – June in review

Reopening delayed until July 23

  • Hancock resigns over breach of regulations
  • Recovery unaffected by delay
  • Bank of England urges patience
  • Sterling pressured by fed announcement

GBP – July what to watch

Unable to break shackles

  • Javid finds a way back
  • Bank of England to gauge end of furlough support
  • Supply chains still suffering
  • Sterling will be driven by Central Banks

USD – June in review

FOMC teases market over taper

  • Regional Feds supporting Federal decision
  • Powell unmoved by Congress pressure
  • Trade talks with China to resume?
  • Dollar index under the Fed’s power

USD – July what to watch

Rate rises scheduled for 2023

  • Employment data likely to drive dollar higher
  • Bottlenecks to even out
  • Inflation still rising but maybe not as strongly
  • 6.4% Q1 growth likely to e exceeded

EUR – June in review

Recovery finally takes hold

  • Italian banks securitize bad loans
  • Germany looking after itself
  • Staycations to hit Mediterranean Resorts
  • Euro a dollar puppet

EUR – July what to watch

ECB facing more pressure

  • Growth to speed up as reopening takes hold
  • German concerns over Delta Variant disrupts travel
  • Economy to edge back to pre-Covid level
  • Euro unable to break dollar’s clutches

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