July 2021 Monthly
Currency Report for SME’s

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

Read the latest currency report

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

Reopening delayed until July 23

Hancock resigns over breach of regulations
Recovery unaffected by delay
Bank of England urges patience
Sterling pressured by fed announcement

GBP – July what to watch

Unable to break shackles

Javid finds a way back
Bank of England to gauge end of furlough support
Supply chains still suffering
Sterling will be driven by Central Banks

USD – June in review

FOMC teases market over taper

Regional Feds supporting Federal decision
Powell unmoved by Congress pressure
Trade talks with China to resume?
Dollar index under the Fed’s power

USD – July what to watch

Rate rises scheduled for 2023

Employment data likely to drive dollar higher
Bottlenecks to even out
Inflation still rising but maybe not as strongly
6.4% Q1 growth likely to e exceeded

EUR – June in review

Recovery finally takes hold

Italian banks securitize bad loans
Germany looking after itself
Staycations to hit Mediterranean Resorts
Euro a dollar puppet

EUR – July what to watch

ECB facing more pressure

Growth to speed up as reopening takes hold
German concerns over Delta Variant disrupts travel
Economy to edge back to pre-Covid level
Euro unable to break dollar’s clutches

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Great experience!

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Israel

I highly recommend currency transfer

I highly recommend currency transfer. Having used their services for over seven years.

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

A personal thankyou to Nathan who is always available to answer any technical questions.

I highly recommend their services.

Mitchell Taylor