June 2019 Monthly Currency Report for SME’s

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

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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 – May in review

May’s time is finally up

  • Collapse of cross-party talks the final straw
  • Brexit Party wins protest vote in EU elections
  • Twelve candidates vying for top job
  • Sterling reacts negatively to uncertainty

GBP – June what to watch

Conservatives to elect leader

  • Brexit on back burner until new Prime Minister decided
  • Six front runners; Four favour Hard Brexit
  • Sterling to be reactive to Brexit concerns
  • Employment remains strong, inflation above 2%

USD – May in review

Trade becomes the main driver

  • Trump attempts to bludgeon trade partners
  • Dollar continues to strengthen
  • GDP slightly lower on second estimate
  • Fed’s future policy open to interpretation

USD – June what to watch

Trade worries lead dollar lower?

  • Fed could be forced into rate cut if economy slows
  • U.S./Sino trade talks to recommence
  • Trump to remain on front foot as he puts out fires
  • Dollar reactive to multiple drivers

EUR – May in review

Trade becomes the main driver

  • Reformers remain in majority but deals difficult
  • Nationalists gain in Italy and France but not Germany
  • German employment in big fall
  • Euro clinging to years low

EUR – June what to watch

Italy to “stir the pot”

  • Salvini emboldened by election mandate
  • Global trade conditions to continue to depress Euro
  • Germany demanding top job
  • ECB still banking on higher inflation

ILS – May in review

Shekel at one month low

  • Netanyahu fails to form coalition
  • Robust economy to defy political issues
  • Overall strong Shekel concerns BoI
  • Inflation unlikely to rise

ILS – June what to watch

Indicators point to growth

  • Employment to continue to rise
  • Debt to GDP at 61% and falling
  • Shekel needs BoI to maintain control
  • Gulf tensions raise security concerns

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