March 2024 Monthly
Currency Report for SME’s

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Download Your Free Currency Report - March 2024

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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 – February in review

The UK fell into a recession

  • Q4 GDP was -0.3%
  • The Government lost two by-elections heavily
  • January PMIs predicted a recovery
  • Sterling has remained in a narrow range all year

GBP – March what to watch

Hunt to deliver Spring Budget

  • Bailey has turned dovish
  • Dhingra calls for an immediate rate cut
  • A rate cut in March is a possibility
  • Sterling will be driven by rate expectations

USD – February in review

Powell remains hawkish

  • Powell is still “unconvinced” by the fall in inflation
  • Job Growth justifies rate caution
  • Trump is more trusted over the economy
  • The dollar has lost its gloss, for now

USD – March what to watch

A cut in March is unlikely

  • A March rate cut is still unlikely
  • Economic resilience has been solidified
  • Yellen doubts that the Government will shut down
  • The dollar is still supported at lower levels

EUR – February in review

Economy beginning to suffer

  • Lagarde’s credibility rating is falling rapidly
  • Economic confidence is still mixed
  • The European Commission lowered its growth forecast
  • The Euro is defying gravity

EUR – March what to watch

Germany “upgrade” its economy

  • The Far Right predicts gains in the Elections
  • Inflation is falling but not fast enough
  • Producer Prices are expected to continue to fall
  • The Euro faces strong selling pressure

Don’t take our word for it.
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The best I've found

I just completed my first transaction (GBP to USD) with CurrencyTransfer and I will certainly be coming back whenever I have a currency need. Account setup was smooth — even with all the regulatory hoops. They were efficient, responsive, flexible, and the web-based trading interface gave me an excellent rate, close to spot. Once I'd settled the trade, the funds we're transferred to the destination bank almost immediately. What more could you want?

Daniel R

United States

Highly customised support

Used Currencytransfer.com in connection with a house purchase in France. Involved a mixture of forward and spot transactions, and several adjustments to take into account changing deadlines. The team there provided a highly personalised service, pulling out all the stops to ensure the funds arrived on time after delays elsewhere. Would highly recommend for complex, high value transactions, and am planning to use them regularly from now on to top up my French bank account.

Alex

United Kingdom

Excellent Service

I have made two transfers so far and all has gone smoothly. Good exchange rates when compared to other exchange sites, and notifications at every step to keep you informed. Queries, if you have them, are answered promptly via personal email. So far excellent service.

Peter K

Spain