October 2018 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.

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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 – September in review

Chequers proposals canned

  • Salzburg summit ends in impasse
  • Sterling on a rollercoaster
  • Inflation, retail sales and employment stronger
  • Bank of England votes 9-0 for no change

GBP – October what to watch

Brexit deadline ever closer

  • Brexit “Plan B” needed
  • Higher inflation to pressure Bank of England
  • Ruling party conference to herald challenge to PM?
  • Sterling to remain volatile

USD – September in review

China dispute rumbles on

  • Further tit-for-tat tariffs enforced
  • Powell risks Trump’s wrath
  • Russia gets involved in trade dispute
  • Q2 GDP finalized at 4.2%

USD – October what to watch

Another hike this year?

  • Fed. signals another hike in 2018.and three in 2019
  • Dollar to rally as risk aversion and rates support
  • Trump to exert more pressure on China
  • Approach of midterms to bring more volatility

EUR – September in review

Draghi allows the mask to slip

  • Draghi alludes to higher inflation. Retains rate stance
  • Hungarian PM censored by EU
  • Italy budget creates concerns
  • Euro rallies to top of range

EUR – October what to watch

Brexit concerns to hurt Euro

  • Concerns over post Brexit trade to hurt Euro?
  • Asset Purchase Scheme to start wind-down
  • Italy to keep up migrant pressure
  • Draghi to push for greater fiscal cooperation

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