April 2024 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 – March in review
The recession is already over
- The MPC voted 8-1 to leave rates unchanged
- The Budget was a political non-event
- Headline Inflation fell to 3.4% in February
- Sterling suffers from rate cut hopes
GBP – April what to watch
Hunt confirms Triple lock
- Sunak sees better times ahead
- The MPC confirms that rate cuts are “coming”
- Hunt confirms that the triple lock will continue
- Sterling is set to remain weak against the dollar
USD – March in review
The FOMC is in no hurry to cut
- GDP missed its target but remains robust
- Permanent members remain the most hawkish
- The economy is cooling, but inflation remains “sticky”
- The dollar is still “firm” on rate expectations
USD – April what to watch
Biden v Trump, “The Sequel”
- The recession is already over
- Jobs data is holding the FOMC back
- Can Trump use his economic advantage to win?
- The dollar is unlikely to fall far given the rate outlook
EUR – March in review
ECB turned marginally hawkish
- Energy cost fall leads to a record trade surplus
- Industrial production tumbled in January
- The German economy continues to shrink
- The Euro is “clinging on”
EUR – April what to watch
A rate cut depends on the Q1 wage data
- A rate cut depends on the Q1 wage data
- Inflation falls to drive the ECB to cut faster
- The eurozone is facing a productivity crisis
- A rate cut could see the euro “collapse”
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