May 2022 Monthly
Currency Report for SME’s

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

Download Your Free Currency Report - May 2022

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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 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 – April in review

Johnson hanging on

  • Prime Minister staring down the barrel
  • Inflation continues to rise
  • Cost of living crisis biting hard
  • Sterling falls on weak confidence data

GBP – May what to watch

Bank of England to turn dovish?

  • Slowing economy may see Bank halt cycle
  • Inflation creeping into strong labour market
  • Recession concerns growing
  • Sterling to suffer from monetary divergence

USD – April in review

Dollar waits for Fed

  • Powell turns hawkish at IMF meeting
  • Beijing issues hitting U.S. supply chains
  • Fed speakers favouring 2.50% neutral rate
  • Dollar powers ahead on Powell comments

USD – May what to watch

Powell to encourage hawks

  • FOMC expected to hike by 50bp
  • Shrinking balance sheet will equal two or three hikes
  • Fed will face tricky balancing act
  • Dollar likely to gain on policy divergence

EUR – April in review

ECB members turning hawkish

  • ECB sits on hands at latest meeting
  • Vice President expects July tightening
  • Germany admits to energy struggle
  • Euro breaks below 1.10 support

EUR – May what to watch

Lagarde demands unity

  • ECB President expects committee members to comply
  • Hawkish comments drive expectations of a hike
  • Q1 GDP points to coming recession
  • Euro will struggle to regain 1.10 level

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

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

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