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

8:25am, June 3rd 2019

Busy week which should see significant volatility…

The week ahead poses a number of challenges to a range of currencies. There’s something for everyone, from interest rate decisions to employment reports to monthly PMI numbers. We even have the official state visit of President Donald Trump to the UK.

Starting with the UK, this week will no doubt be a colourful one. On the data front we kick off with the usual monthly set of PMI figures. The numbers have not been impressive of late and it’s become clear the economy is continuing to struggle with the heightened uncertainty, following 2 months with very little progress on offer in respect to Brexit. Outside of the data and one of the key focuses will be a 3 day state visit from President Trump. He’s not shied away from weighing into the Brexit debate, stating that the UK should leave with no-deal and refuse to pay the divorce bill if the EU do not amend their proposal. Additionally, the following few days will certainly provide further detail on the Tory party leadership election with 13 candidates now in the running.

Elsewhere, US/China trade tensions will play a big part in this week’s trade. Talks have gone sour of late and have resulted in the 2 countries exchanging hostile remarks. The situation has put global stock and debt markets on edge as they await new developments. Further escalation could see markets return to full-volatility mode seen just before Christmas last year. Key data highlights include a European Central Bank monetary policy announcement where Mr Draghi will be expected to sooth markets with dovish rhetoric. The Reserve Bank of Australia are expected to cut rates at their meeting this week. There will also be the monthly employment report from the US on Friday.

Have a good week.

Written by Viv Savani. 8:25am, June 3rd 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

8:42am, June 12th 2019

GBP perks up after solid jobs report…

View Report
9:11am, March 19th 2019

Bercow deals a blow to May & her government…

View Report
8:45am, January 18th 2019

Sterling begins to price in Article 50 extension…

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