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

8:11am, September 22nd 2021

Markets Await The FOMC Announcement

Traders and dealers alike will all be braced for tonight’s Federal Open Market Committee announcement, where it’s expected Jay Powell will provide further information on the central bank’s plans to scale back their mammoth $120 billion per month of asset purchases, split between government bonds and mortgage backed securities.

This moment has been anticipated for the last 6 or so months and has produced mixed expectations from various financial institutions. The main question tonight is whether Powell & co. provide a specific date they will begin tapering and how soon that is. For example, if they simply confirm tapering will begin later this year, then this may be perceived as dovish by the market and produce a weaker greenback. On the flip side, if they announce tapering will begin next month, this would no doubt be bullish for the US dollar.

The announcement arrives at 7 pm tonight with the accompanying statement and press conference commencing at 7.30 pm and lasting for around an hour. Volatility across all asset classes can be expected tonight as this is a big announcement from the market’s perspective.

Written by Viv Savani. 8:11am, September 22nd 2021

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

8:22am, September 27th 2021

Another Busy Week For Markets

View Report
8:37am, October 1st 2021

A Fresh Month Commences

View Report
5:55am, October 26th 2021

Quiet Start To The Week

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