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

8:28am, September 12th 2019

All eyes on the European Central Bank…

It’s not often we can state this about an ECB announcement but today’s should have traders and dealers on the edge of their seats.

The Eurozone economy has slowed down significantly in 2019 with many forecasting a technical recession in Germany when Q3 numbers are released. Manufacturing across the region has tumbled, in line with the global slowdown which is being witnessed in China, the US and UK. The central bank have moderately prepared markets for additional stimulus but just how far the central bank go is exactly what everyone is waiting to find out.

It’s almost guaranteed the central bank lower interest rates by 10 – 20 basis points but from here it’s anyone’s guess. Mario Draghi has hinted he’s willing to go full-force (relaunching quantitative easing). However, he’s seen stiff opposition from his peers including prominent German central banker, Jens Weidman.

The announcement on interest rates and QE will arrive at 1245 while the press conference with Mario Draghi will follow at 1330. The euro will no doubt be exceptionally volatile in the run-up to the event, during and after too. Please let your Cornhill contact know if there are any particular price levels you’d like monitored across the trading day.

Elsewhere, the US consumer price index is scheduled to cross the wires at 1330. This is a key release and always has the power to influence the Federal Reserve’s thinking. The datapoint will add to the huge levels of volatility which will filter through the EURUSD pair today.

8:28am, September 12th 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

9:01am, September 24th 2019

Weak PMIs create cautious mood to begin the week…

View Report
9:01am, September 20th 2019

GBP jumps higher on Juncker comments, BoE unchanged…

View Report
8:54am, October 14th 2019

Big week for economic data and politics…

View Report

Testimonials

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