October 2020 Monthly
Currency Report for SME’s

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

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 – September in review

Infections climb alarmingly

  • Johnson tightens restrictions
  • Sunak introduces furlough two
  • Brexit uncertainty drives Sterling volatility
  • Negative rates to drive MPC uncertainty

GBP – October what to watch

Economy facing multiple drivers

  • Further lockdown fears as infections increase
  • Sterling to remain volatile
  • Sunak to face questions about debt repayment
  • Johnson’s Brexit deadline close

USD – September in review

Presidential debates begin

  • Biden and Trump clash in first debate
  • Dollar recovers from recent lows 
  • Jobless claims begin to stagnate
  • Ginsberg death stokes discontent

USD – October what to watch

Pressure for Fiscal Support

  • Regional Feds support Powell’s demands
  • Support decision unlikely before Election
  • Trump to relish further skirmishes
  • Dollar volatility to increase

EUR – September in review

Lagarde in the hands of Brussels

  • Increasing infections slowing recovery
  • France facing a major outbreak
  • Activity slowing as pent up demand fades
  • Euro shying away from 1.20

EUR – October what to watch

ECB to increase PEPP?

  • Central bank ambivalent over currency
  • PEPP working but may need to be increased
  • Germany to continue to support Eurozone
  • ECB to remain behind the curve

Don’t take our word for it.
see what others are saying

Great experience!

Great experience! Noam was very thorough and communicative. He was helpful throughout the process, and I felt very comfortable turning to him for any questions. I would definitely recommend to my friends, and continue using for future transfers!

Nicole Simon

Israel

5 star rated

I highly recommend currency transfer

I highly recommend currency transfer. Having used their services for over seven years.

I am particularly impressed by their personal fast and safe service. Funds usually reach my account within 48 hours.

A personal thankyou to Nathan who is always available to answer any technical questions.

I highly recommend their services.

Mitchell Taylor

Israel

5 star rated

OUTSTANDING Service, super speed. 12/10

OUTSTANDING! Amazing service and super speed, smooth and efficient. I have a direct link to my account officer if I need. And best of all I am saving $00s every time compared to the daylight robbery rates the banks were giving me previously. Only a simpleton would use the main banks for any currency transfers. 12/10.

Shlomo

United Kingdom

5 star rated