April 2024 Monthly
Currency Report for SME’s

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Download Your Free Currency Report - April 2024

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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”

Don’t take our word for it.
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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