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.


Market Reports

9:01am, April 8th 2019

A busy week ahead with Brexit once again the key focus…

The next 5 days could be pivotal in the ongoing Brexit saga. Not only will further cross-party talks take place between Theresa May and Jeremy Corbyn but the Prime Minister will also attend an emergency EU Summit where it will be decided what type of extension the UK will take on. In addition to this, the week also sees important economic numbers as well as a highly anticipated central bank policy decision.

This week’s developments in the realm of Brexit could well define a path forward for PM May, who is under huge pressure from all sides of the political spectrum. Talks with opposition leader Jeremy Corbyn will reconvene after recent discussions proved unfruitful, even if they were conducted in good spirit. Not many are pinning hopes on the next round of talks producing anything material. The Prime Minister will also head over to Brussels to attend an emergency EU Summit on Wednesday. It’s likely she’ll be offered a 12 month Brexit extension which will be flexible in nature. This implies the UK would be able to leave whenever desired.

Aside from Brexit, economic numbers from the UK will also feature this week. Manufacturing and industrial figures are due for release as well as the monthly snapshot of GDP with the most recent month’s forecast at 0.50%.

Elsewhere, a monetary policy decision will take place out of the European Central Bank on Thursday. With the recent downtick in Eurozone data, many are expecting a dovish performance from President Draghi. The euro has remained weak against its counterparts so far this year, are we in for another round of selling? As usual, the decision on rates and accompanying statement are released at 12.45 followed up by a press conference at 13.30.

In the US, focus will remain on continuing trade talks with China. One crucial piece of economic data crossing the wires this week will be the latest inflation report from March. The Fed reversed course recently, partly due to the lack of inflation running through the economy, after last Friday’s robust jobs report any tick up in prices could shift the world’s largest central bank to a more neutral stance.

Written by Viv Savani. 9:01am, April 8th 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

8:22am, February 4th 2020

Sterling sinks as no-deal Brexit concerns arise once again…!

View Report
9:18am, January 29th 2020

Greenback in focus as first Fed announcement of 2020 arrives tonight…

View Report
9:41am, February 19th 2020

UK Employment Report Solid. Next Up; Inflation Data.

View Report


Our Clients Say

"I have had an association with Cornhill for over a decade and have had the pleasure of working with the same broker for the entire period of time, which is currently just over 15 years. This shows not only my dedication and customer loyalty to the company, but also their commitment and successful staff retention. The level of service I have received has never waned or altered and has been consistent over the term. Keep up the good work Cornhill. Dominic you are a legend."

Helen - FD, Essex Boatyard

"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