June 2019 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 – May in review

May’s time is finally up

Collapse of cross-party talks the final straw
Brexit Party wins protest vote in EU elections
Twelve candidates vying for top job
Sterling reacts negatively to uncertainty

GBP – June what to watch

Conservatives to elect leader

Brexit on back burner until new Prime Minister decided
Six front runners; Four favour Hard Brexit
Sterling to be reactive to Brexit concerns
Employment remains strong, inflation above 2%

USD – May in review

Trade becomes the main driver

Trump attempts to bludgeon trade partners
Dollar continues to strengthen
GDP slightly lower on second estimate
Fed’s future policy open to interpretation

USD – June what to watch

Trade worries lead Dollar lower?

Fed could be forced into rate cut if economy slows
U.S./Sino trade talks to recommence
Trump to remain on front foot as he puts out fires
Dollar reactive to multiple drivers

EUR – May in review

Centrists fragmented

Reformers remain in majority but deals difficult
Nationalists gain in Italy and France but not Germany
German employment in big fall
Euro clinging to years low

EUR – June what to watch

Italy to “stir the pot”

Salvini emboldened by election mandate
Global trade conditions to continue to depress Euro
Germany demanding top job
ECB still banking on higher inflation

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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