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

8:39am, March 4th 2019

Action-packed week begins…

Foreign exchange markets are set for a busy week as the first-full week of March commences. A month which was expected to see the departure of the UK from the European Union. Even though this is looking increasingly unlikely, these next couple of weeks could produce a multitude of potential outcomes.

Data-wise, this week’s highlight will come from across the pond, where we’ll be treated to the most recent labour market report. As usual, the most important component of this report stems from the average hourly earnings gauge. With unemployment at very respectable levels, the key metric is now whether there’s any upward pressure on wages.

This week will also see a couple of important central bank decisions. The European Central Bank will offer their latest set of inflation and growth forecasts. It’s now become more than clear that the region is slowing down, hence it will be important to interpret Mario Draghi’s tone. No doubt his performance will be a dovish one – but by how much will be the key to determining which direction the shared currency heads. There’ll also be an announcement from the Reserve Bank of Australia with no change expected. However, this will be an important announcement as speculation has been on the rise that the central bank is becoming more open to the prospect of potentially lowering rates if the economy continues to slow.

Domestically, 2 pieces of economic data are worth noting. Firstly, this morning’s construction PMI numbers followed by tomorrow’s services release. They’ll be a huge amount happening on the Brexit front as May & co. attempt to extract concessions from the EU to help her 2nd try at passing the withdrawal agreement.

Written by Viv Savani. 8:39am, March 4th 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

10:40am, January 25th 2019

Sterling continues its ascent…

View Report
8:29am, February 12th 2019

UK growth cools, US dollar on the march…

View Report
9:01am, December 12th 2018

No confidence vote imminent?

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