July 2024 Monthly
Currency Report for SME’s

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

Download Your Free Currency Report - July 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 – June in review

Farage joins the election trail

  • Sunak faces a heavy defeat
  • The Bank of England moves closer to a rate cut
  • Inflation fell to 2% in May
  • Sterling remained in a narrow range

GBP – July what to watch

Labour expected to win in July

  • Starmer likely to be the new PM
  • Will Farage be the Leader of the Opposition?
  • The economy is on an upward path
  • Sterling will remain supported by monetary policy

USD – June in review

Biden’s “infirmity” exposed

  • Biden is showing his age
  • The economy continues to create jobs
  • The FOMC is becoming “nervous”
  • The dollar is still very well-supported

USD – July what to watch

Rates to remain on hold

  • The candidates are still “neck and neck”
  • Inflation remains an issue for Powell
  • Growth to slow in Q2
  • The dollar will rally as divergence continues

EUR – June in review

The ECB agrees a rate cut

  • The ECB finally cut rates
  • Lagarde is cautious about the next cut
  • The economy is still struggling for growth
  • The Euro falls, but not dramatically so

EUR – July what to watch

Further cut will have to wait

  • Wages will remain an issue
  • Inflation could take 18 months to reach its target
  • France is on the cusp of a far-right government
  • The euro will be driven by divergence

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