June 2020 Monthly
Currency Report for SME’s

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

Download Your 8 Page June 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 – May in review

Growth collapses

  • Q1 growth points to massive slowdown
  • Johnson under pressure over advisor
  • Sunak extends financial help until October
  • Sterling pressured but stable

GBP – June what to watch

Lockdown beginning to be eased

  • Lockdown being gradually lifted
  • Activity to bottom out
  • Infections to continue to fall
  • Sterling in a comfortable range

USD – May in review

Economy taking longer to reopen

  • President’s predictions wide of the mark
  • WH Economist predicts 10%+ unemployment until ‘21
  • Dollar index drive by risk appetite
  • Powell ready to act again

USD – June what to watch

Second spike a real possibility

  • Lockdown chaos spreading
  • Trump to downplay Biden threat
  • Dollar index under pressure as lockdowns end
  • China spat escalating

EUR – May in review

France & Germany Usurped

  • EU Commission trumps Franco-German poan
  • Euro drifting driven by the dollar
  • Economy shrinks by fastest rate ever
  • Lockdowns being eased in worst affected countries

EUR – June what to watch

Internal growth key to recovery

  • Crisis to dwarf 2008
  • Q2 GDP likely to see double figure contraction
  • ECB unable to add much more support
  • Activity to depend on pan-EU trade

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