October 2020 Monthly Currency Report for SME’s
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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
Infections climb alarmingly
- Johnson tightens restrictions
- Sunak introduces furlough two
- Brexit uncertainty drives Sterling volatility
- Negative rates to drive MPC uncertainty
GBP – October what to watch
Economy facing multiple drivers
- Further lockdown fears as infections increase
- Sterling to remain volatile
- Sunak to face questions about debt repayment
- Johnson’s Brexit deadline close
USD – September in review
Presidential debates begin
- Biden and Trump clash in first debate
- Dollar recovers from recent lows
- Jobless claims begin to stagnate
- Ginsberg death stokes discontent
USD – October what to watch
Pressure for Fiscal Support
- Regional Feds support Powell’s demands
- Support decision unlikely before Election
- Trump to relish further skirmishes
- Dollar volatility to increase
EUR – September in review
Lagarde in the hands of Brussels
- Increasing infections slowing recovery
- France facing a major outbreak
- Activity slowing as pent up demand fades
- Euro shying away from 1.20
EUR – October what to watch
ECB to increase PEPP?
- Central bank ambivalent over currency
- PEPP working but may need to be increased
- Germany to continue to support Eurozone
- ECB to remain behind the curve
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United States
Highly customised support
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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