May 2020 Monthly
Currency Report for SME’s

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

Download Your Free Currency Report - May 2020

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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 – April in review

Activity falls off a cliff

  • Johnson’s absence leaves a gaping hole
  • Bank of England injects liquidity
  • Government guarantees SME loans
  • Sterling recovers but upside limited

GBP – May what to watch

Limited lifting of lockdown

  • Johnson’s return to signal preparations
  • Q1 GDP set for May12th
  • Activity indices to continue to fall
  • Sterling to fall again?

USD – April in review

Fed steps up to the plate

  • Interest rates cut to zero
  • Trump’s approval rating plummets
  • 30 Million jobless claims
  • Q1 GDP collapses by 4.8%

USD – May what to watch

Fed to remain on hold

  • Rate to remain at zero
  • Dollar to fall as risk appetite grows
  • States under pressure to lift lockdown
  • NFP on May8th to collapse

EUR – April in review

ECB on its own

  • Lack of unity clear to see
  • Activity falls by 3.8% in Q1
  • Lagarde ignores Italian plight
  • The Frugal Five stand firm

EUR – May what to watch

Recession outlast G7 members

  • GDP to collapse in Q2
  • Recession could destroy Union
  • Euro in real danger
  • Europe facing conditions similar to end of war

Don’t take our word for it.
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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