December 2023 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 – November in review
Hunt delivers, but only partially
- Cuts to NI but tax burden remains
- Sunak switches to Election mode
- Bailey bemoans lack of growth
- Sterling climbs to trend high versus weaker dollar
GBP – December what to watch
MPC to pause again
- BoE to keep rates higher for longer
- Pill wants Bank to retain tough stance on inflation
- Economy to grow but only just
- Sterling is unlikely to test major resistance
USD – November in review
Risks are now “balanced”
- Powell sees risks as balanced
- Inflation points to rates having become restrictive
- Employment beginning to moderate
- Dollar suffering from Fed uncertainty
USD – December what to watch
FOMC to deliver another pause
- Fed to leave rates unchanged, but data will tell all
- Growth data to continue to deny a recession
- A soft landing is now a real possibility
- Dollar index undervalued in comparison to G7
EUR – November in review
Economy continues to falter
- Draghi predicts a recession by year-end
- Dutch politics veers right
- Inflation rose marginally in October
- Single currency leading a charmed life
EUR – December what to watch
ECB to end PEPP
- ECB to discuss an end to PEPP
- A debt crisis is looming
- Employment data to start to moderate
- Euro to see 1.10 then falter
Don’t take our word for it.
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United States
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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.
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Spain