July 2018 Monthly
Currency Report for SME’s

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

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With a roundup of the most impactful events of the previous month and a look at up and coming events may affect you in this coming month. Avoid being caught by surprise when the markets move.

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 – June in review

MPC votes 6-3 for no change

BoE Chief Economist votes for hike
Sterling on back foot as Brexit and economy weigh
Government wins vote on Brexit oversight
Economy drifting as Government prevaricates

GBP – July what to watch

Brexit proposals due for release

MPC to turn dovish?
Brexit proposals due for release
Inflation set to rise as effect of Sterling fall kicks in
Sterling rally unlikely to last

USD – June in review

Hawkish FOMC hikes rates

Rate hikes to continue through 2018
Trade war tit-for-tat continues
Little benefit seen from Trump/Kim summit
Wage data to be scrutinized to confirm Fed actions

USD – July what to watch

Trade war to escalate

Trump investigating further measures
Q2 GDP to be close to 4% on tax cuts
Dollar index correction to bottom out
FOMC minutes to provide clues members views

EUR – June in review

ECB to end QE, no hike in 2018

ECB to taper QE by Sept. End it by Dec
Draghi remains dovish on rates
Merkel searching for support
Italy vows to remain in EU

EUR – July what to watch

Nationalism rising again

Political issues on the rise
Italy to implement tax and welfare reform
Economy starting to slow as German data stalls
Euro in slow recovery but reactive to dollar

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

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