Your browser is out of date

This website has been built for modern browsers, yours is many years out of date and as a result, your experience of this website will be poor.

Please upgrade your browser and pop back.

Thanks.

Market Reports

8:32am, February 11th 2019

A big week ahead for markets…

The following week is an exceptionally busy one with the Chinese returning back to their desks and a raft of UK and US economic numbers.

They’ll be a huge amount of focus on trade developments between the US and China this week as the next round of talks are set to take place. The 2 nations are currently within a 90-day truce period which is scheduled to run out on March 1st. Time is running short and if the truce period ends without a deal Trump is set to impose significant tariffs on China. The US are set to press the Chinese on a number of longstanding issues such as the theft of US intellectual property in the area of technology. The better the talks go, the more likely it is a deal will be struck, the higher the chances of a stronger US dollar. While Fed policy is now entering a less aggressive more neutral phase, interest rate hikes cannot be ruled out should there be a positive outcome from the US/China trade dialogue.

On the data front, we’ll see a slew of economic releases from both the UK and US this week. Domestically, GDP numbers released today will be exceptionally important. The numbers will reflect Q4 2018 and will be heavily scrutinised as we’re set to depart from the European Union next week. Additional important releases include inflation numbers on Wednesday and a retail sales report on Friday. Brexit developments will also be closely eyed. From the US, inflation and retail sales are the two key reports. The Fed and market participants will likely use these to gauge just how well the US economy is doing and, as a result, whether the greenback should be stronger or weaker.

Written by Viv Savani. 8:32am, February 11th 2019

The details expressed in this market report are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Cornhill International Payments limited accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information.

Previous Reports

8:17am, April 9th 2019

PM sets off to visit Merkel & Macron…

View Report
8:48am, February 14th 2019

UK & US inflation numbers push GBPUSD lower…

View Report
8:56am, January 17th 2019

PM May survives another test of confidence…

View Report

Testimonials

Our Clients Say

"When deciding to buy a property in France, my husband and I failed to consider the implications of the currency exchange and to be honest, it was extremely daunting to know that the cost of the property could have increased significantly potentially wiping out any renovations we had planned had we sat on our hands and left it to chance. Thankfully, Dominic (our account manager) and the rest of the Cornhill team couldn’t have been more helpful, and as such helped us to understand our options and secure a price that puts our bank to shame. Always courteous and friendly, we don’t know what we would have done without them now!"

Samantha Johnson - Private Client

"I work to very tight margins in my business and as such currency volatility has a major impact on how well my business performs. After dealing with my bank for many years, I took the step of opening an account with Cornhill after meeting one of their team at an industry event. James took the time to explain the services and quickly highlighted what I was missing from my bank – proactivity and competitive pricing. It’s almost impossible to get through to someone at my bank without jumping through many hoops. Cornhill are always in touch at the right time, which helps me to time my currency purchases and make the most of moves in my favour. I now rest easy knowing I have a team of people working FOR my business and adding true value to it both in pricing terms and proactivity terms. My profits have increased and I know I am in good hands!"

Martin Fisher – FD of a Packaging Business

"My products are made abroad by trusted suppliers who I have worked with for many years. After a number of issues with my previous currency provider (payments being delayed), I decided to look at who else could help with my payments. Fortunately, I was introduced to Cornhill by a former colleague who uses their services. Since then, I haven’t looked back. Customer service is often overlooked in this ever-increasing digital age, but to know I have someone to call at the end of the phone who will listen to my query and take ownership of it for me is a breath of fresh air. Vivek and Greg have been reassuring and whenever I have a question for them, they are quick to respond and resolve."

Alexandra Houghton – Founder of a clothing business