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

8:48am, November 25th 2019

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

The pound begins the week on the front foot after the first big election poll (Datapraxis via YouGov information) came out over the weekend, revealing a forecasted 48 seat majority for the Conservative Party at next month’s election. The pound has leapt 30 pips higher from its Friday closing price. Sterling had a rough time on the final trading day of last week following some very weak ‘flash PMI’ releases. These are a new data points for markets to focus on and commenced as of last week. They reflected a weakening outlook in the UK so far across November and consequently led to a bad day for GBP, its worst in over 3 weeks.

As mentioned in the headline, all US markets will be closed on Thursday to honour Thanksgiving. Therefore, expect a very quiet end to the week with the majority of US participants taking the 2nd half of this week off to spend with their families.

While economic releases are few and far between from the UK this week, there will be a number of tier 1 releases from the US and eurozone. From the US – Q3 GDP, new home sales, consumer confidence, durable goods and an inflation measures are all scheduled. From the eurozone – inflation and German IFO numbers are both due. Domestically, many will keep firm focus on the general election and any polls suggesting a significant change in parliamentary MP structure.

Written by Viv Savani. 8:48am, November 25th 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

10:09am, November 28th 2019

Tories lead the opinion polls…

View Report
8:28am, November 13th 2019

Markets calm ahead of Powell testimony…

View Report
9:12am, November 5th 2019

GBP on the back foot as new speaker announced, UK services PMI in focus…

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