August 2019 Monthly
Currency Report for SME’s

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

Download Your Free Currency Report - August 2019

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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 – July in review

At last, a new Prime Minister

  • Sixteen Ministers replaced
  • Brussels prepared for “Combative” Johnson
  • Sterling falls to new lows vs. USD & EUR
  • UK data starting to weaken

GBP – August what to watch

Johnson to reopen negotiations?

  • Johnson to attempt to restart Brexit Agreement
  • Bank of England to turn more dovish
  • Trade deal with U.S. to be first after Brexit
  • General Election still a possibility

USD – July in review

Fed obliges markets with 25BP

  • Fed cuts rates by 25bp, becomes data dependent
  • Q2 GDP lower but not as bad as market concerns
  • Dollar hits two-month high following GDP
  • Powell in a hawkish / dovish kind of mood

USD – August what to watch

Dollar to rally - hawkish fed

  • “One and done” Fed unlikely to cut again this year
  • Treasury rules out intervention, Trump not so sure
  • Trump in a funk over economy
  • Dollar sets new high for the year

EUR – July in review

ECB remains dovish

  • ECB signals rate cut
  • Activity continues to fall
  • Euro struggles to make any headway
  • Lagarde to take over from Draghi

EUR – August what to watch

Euro in doldrums until growth

  • Single currency set for further falls
  • Inflation target to be lowered
  • Structural issues to be tackled by new President
  • Activity to signal recession

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

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 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.


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