January 2023 Monthly
Currency Report for SME’s

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

Download Your Free Currency Report - January 2023

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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 – December in review

Strikes bring disruption

  • Sunak stays firm
  • Strikes begin to affect the economy
  • SMEs see more red tape, not less
  • Sterling pauses before fresh impetus

GBP – January what to watch

Unemployment set to rise

  • Job losses set to rise as the economy falters
  • Housing market to suffer double whammy
  • Ministers to defy further strikes
  • Sterling to stay in range for Q1

USD – December in review

Fed in Focus

  • Further dovish FOMC minutes hit dollar
  • Employment to retain buoyancy before falling
  • Housing market starting to weaken
  • Dollar correction to continue

USD – January what to watch

Inflation to begin to fall

  • Administration may introduce Chinese covid tests
  • FOMC meeting to take place on February 1st
  • US to provide arms to Ukraine, prolong war
  • Biden enters third year of Presidency

EUR – December in review

Hawks remain in control

  • Lagarde joins in hawks
  • Italy in turmoil as rate hikes bite
  • Rising populism makes Brussels’ task impossible
  • Euro supported by ECB

EUR – January what to watch

Economy to continue to suffer

  • Energy prices to remain high at least for Q1
  • Unemployment set to rise as single market struggles
  • Croatia becomes the newest member of Union
  • Euro to suffer as dollar stabilises

Don’t take our word for it.
see what others are saying

Great experience!

Great experience! Noam was very thorough and communicative. He was helpful throughout the process, and I felt very comfortable turning to him for any questions. I would definitely recommend to my friends, and continue using for future transfers!

Nicole Simon

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

Israel

OUTSTANDING Service, super speed. 12/10

OUTSTANDING! Amazing service and super speed, smooth and efficient. I have a direct link to my account officer if I need. And best of all I am saving $00s every time compared to the daylight robbery rates the banks were giving me previously. Only a simpleton would use the main banks for any currency transfers. 12/10.

Shlomo

United Kingdom