May 2020 Monthly
Currency Report for SME’s

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

Download Your 8 Page May 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 – April in review

Activity falls off a cliff

  • Johnson’s absence leaves a gaping hole
  • Bank of England injects liquidity
  • Government guarantees SME loans
  • Sterling recovers but upside limited

GBP – May what to watch

Limited lifting of lockdown

  • Johnson’s return to signal preparations
  • Q1 GDP set for May12th
  • Activity indices to continue to fall
  • Sterling to fall again?

USD – April in review

Fed steps up to the plate

  • Interest rates cut to zero
  • Trump’s approval rating plummets
  • 30 Million jobless claims
  • Q1 GDP collapses by 4.8%

USD – May what to watch

Fed to remain on hold

  • Rate to remain at zero
  • Dollar to fall as risk appetite grows
  • States under pressure to lift lockdown
  • NFP on May8th to collapse

EUR – April in review

ECB on its own

  • Lack of unity clear to see
  • Activity falls by 3.8% in Q1
  • Lagarde ignores Italian plight
  • The Frugal Five stand firm

EUR – May what to watch

Recession outlast G7 members

  • GDP to collapse in Q2
  • Recession could destroy Union
  • Euro in real danger
  • Europe facing conditions similar to end of war

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