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

8:29am, October 15th 2020

Greenback Falls As Election Risk Rises

The US dollar fell across the board on Wednesday as the reality of the forthcoming election begins to filter into financial markets. Equities fell and the price of gold rose as investors expressed a more cautious approach to the huge political event which lies ahead.

The November US election will be the most anticipated and closely contested of recent times. Given the enhanced importance of the election due to the pandemic, mixed with the stark contrast between both characters, and it’s clear to see why the run-up to the 4th November could become even more volatile. Yesterday’s sell-off in the US dollar and global equities was orderly but as we get closer to the event, caution across markets may become more pronounced.

The pound rose yesterday after taking an early morning tumble as the UK government confirmed mid-morning that they would not walk away from talks if an agreement is not made this week. GBPUSD jumped back above $1.30 while the GBPEUR pair raced towards €1.11. If this positive tone continues then the pound may be somewhat more cushioned moving forward.

Today’s main event will be the commencement of the latest EU Summit. It’s highly likely we’ll have numerous Brexit related headlines flash across the news wires.

8:29am, October 15th 2020

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

8:15am, October 5th 2020

Big Week For Markets

View Report
8:30am, October 13th 2020

UK Introduces Tiered Restrictions System

View Report
8:31am, October 20th 2020

US Dollar Weaker As Fresh Week Begins

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