October 2021 Monthly
Currency Report for SME’s

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Download Your Free Currency Report - October 2021

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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 – September in review

Taper still in the balance

Wholesale gas price increase adds to inflation
HGV driver shortage brings fuel shortage
Indecisive Government dithers over travel and fuel
Sterling loses ground to stronger dollar

GBP – October what to watch

Q4 to be tough for economy

Government furlough and UC benefit end
No MPC until Nov 4
Economy to be hit but continued shortages
Inflation to rise but Bailey unconcerned

USD – September in review

FOMC turns a little hawkish

Latest Fed meeting points to November taper
Inflation remains above target
Employment shock concerns some Fed members
Dollar strong but unable to break resistance

USD – October what to watch

FOMC mixed over November

Concerns over Covid and logistical issues remain
94.30 the next target for the dollar index
Retirements ease Powell’s path despite challenge
All eyes on the NFP data set for Oct 8

EUR – September in review

Lagarde relaxed over inflation

So far, the ECB has been proven correct over prices
Long-term issues returning to slow recovery
Recovery slows but still positive
Euro is still in reactive mode

EUR – October what to watch

German coalition to run and run

Merkel to remain in power for the rest of 2021?
Inflation to remain controlled as ECB considers action
Plans for further support to be tested
Euro making fresh low for the year

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