July 2018 Monthly
Currency Report for SME’s

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

Download Your Free Currency Report - July 2018

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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 – 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

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 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