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

10:04am, December 11th 2018

Sterling dumped as more uncertainty appears…

Yesterday, PM May announced a surprise decision to abandon her meaningful vote set to take place today in an attempt to seek assurances from the EU on the Irish backstop. It’s clear she finally got the message that she faced humiliation had she proceeded with the vote today. It’s now down to her to produce something which will convince MPs the Irish backstop is a viable option. The Prime Minister has not provided any further information on when she plans to eventually hold the new vote. It looks increasingly likely she’ll return to Parliament in January with effectively the same deal, relying on a falling UK stock market and pound as well as rising fears of ‘no deal’, to help her garner the votes required. To her detriment she now faces calls of no confidence from across the House. PM May is an exceptionally honourable and gutsy public servant but it must be asked – what is she actually doing? Her strategies ever increasingly seem doomed before they even begin – her latest one a prime example.

No surprises – GBP is suffering, big time. The pound/dollar rate is being held up by psychological support at $1.25 while GBPEUR uses the key level of €1.10 to prevent any further leakage. How long do these levels last for? – A good question considering recent price action.

Today’s economic calendar is light, aside from monitoring the ongoing Brexit saga many will be watching out for UK employment data scheduled for 09.30. Additionally, German economic and business sentiment numbers will be keenly eyed at 10.00.

10:04am, December 11th 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

8:22am, March 8th 2023

Hawkish Powell Sends the Dollar Flying

View Report
9:50am, March 10th 2023

US Employment Data Awaits

View Report
7:49am, March 22nd 2023

Another Fed Rate Hike?!

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