August 2018 Monthly
Currency Report for SME’s

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

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With a roundup of the most impactful events of the previous month and a look at up and coming events may affect you in this coming month. Avoid being caught by surprise when the markets move.

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 – July in review

May’s Brexit proposals savaged

Chequers proposals attacked from all sides
Johnson & Davis resign
Economic data uniformly weak
Pound in limbo ahead of Brexit outcomes

GBP – August what to watch

UK in danger of hard Brexit

May to lead Brexit negotiations
80% chance of rate hike
Inflation to remain steady
Second referendum or election both possible

USD – July in review

Trump concerned over Dollar

President fears rate hikes will slow economy
Q2 GDP justifies Powell decisions
Trump holds effective talks with Juncker…
…but savages EU over Brexit & NATO over spending

USD – August what to watch

Trade concerns to remain

Trade war with China continues
Monetary policy to drive dollar higher
Employment rate set to top out
Wage inflation to rise again

EUR – July in review

Dovish ECB lowers Euro

Draghi remains on track
ECB desire to hold euro lower is working
Political issues continue in the background
Tough Brexit stance an example to others

EUR – August what to watch

Can EU & US agree a trade pact?

Both sides have much to lose
QE reduction set to start
Macron losing support from all sides
Rising German inflation to concern Bundesbank

Don’t take our word for it.
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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