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

8:28am, July 29th 2019

Huge week for financial markets – volatility expected…

The next 5 trading days could be the most influential in defining the trajectory of many financial assets to year end. There’s economic data and central bank monetary policy decisions from across the globe.

First and foremost, Wednesday night will reveal the Federal Open Market Committee’s decision on interest rates. There’s been a lot of hype over what the central bank are going to do, from a 0.5% cut to a 0.25% cut to even leaving policy as it is. Everyone’s been speculating over what action they’ll take. As a result, the announcement could be a volatile one. In addition, Powell’s commentary on future policy will be extremely important for the US dollar and various other assets. Also from the US this week, non-farm payrolls will be key in defining what the Fed do after their forthcoming meeting. Expectations are for a slowdown in job growth from the previous month but estimates are still respectable at the 166,000 level. Wednesday sees the ADP (private payrolls) data while Friday sees the complete jobs report, released at 1330.

It’s a big week for the pound as PM Johnson continues to shape his government and offer commentary on how he plans to address the UK leaving on the 31st October. In addition, we’ll see a Bank of England monetary policy announcement mixed with a quarterly inflation report. No doubt the Bank will stay firm on interest rates but may feel the need to reassure markets with a dovish-styled message that they are keeping an eye on the prospect for a no-deal and will react accordingly if it comes to fruition. The pound currently sits at the lowest levels in 2 years against the US dollar.

Elsewhere, there’ll be a monetary policy decision from the Bank of Japan overnight on Tuesday. Additionally, Wednesday hosts the lastest growth and inflation numbers from the Eurozone. This week also sees the first major trade negotiations between China and the US in a while. A convoy of US negotiators including the Treasury Secretary are set to fly over to China today. Buckle up!

Written by Viv Savani. 8:28am, July 29th 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

8:40am, November 29th 2019

Another quiet day expected…

View Report
8:48am, November 25th 2019

Quiet markets expected this week with US observing Thanksgiving on Thursday…

View Report
8:42am, December 4th 2019

Sterling edges higher…

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