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

8:51am, December 18th 2018

Markets gyrate in the run up to Fed announcement…

Monday’s trading session was an exceptionally volatile one, stock markets led the way significantly lower while FX markets essentially tread water. Anxiety has built up regarding the Fed’s highly expected 4th interest rate rise of 2018 which is amongst a developing backdrop of weaker economic growth across the globe in 2019. The next couple of days could continue in this fashion as participants identify the punchbowl of central bank accommodation – with low interest rates and printed money, it’s certainly running out.

Yesterday’s Brexit headlines were dominated by news that Jeremy Corbyn is preparing to table a motion of no confidence against the beleaguered Prime Minister, Theresa May. The rules and procedure around an opposition leader pushing such a motion through are different to that of a PM’s own MP, hence it may be a few days before it’s known if and when such a vote can take place. First things first, the PM must schedule time for a debate to take place on the matter, something which appears is being stalled.

Today’s economic calendar sees German IFO numbers released in the morning. These evaluate the health of the German business sector through surveys conducted. From the US – building and manufacturing data will be released in the afternoon. Finally, the evening session will see a trade balance report from Japan.

Written by Viv Savani. 8:51am, December 18th 2018

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

8:30am, March 15th 2019

Brexit will be delayed but for how long?

View Report
8:17am, February 15th 2019

US data disappoints, May defeated in Parliament (again)…

View Report
8:29am, February 12th 2019

UK growth cools, US dollar on the march…

View Report

Testimonials

Our Clients Say

"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