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

8:47am, January 15th 2019

The big day finally arrives…

Today should see Theresa May’s withdrawal agreement deal finally put to the test. As mentioned yesterday, it’s highly likely she’s defeated. The beleaguered Prime Minister put forward a last-ditch attempt to sell her deal in Parliament yesterday. May claimed that failing to deliver Brexit would be a “subversion of our democracy.” She also added that “Whatever you may have previously concluded, over these next 24 hours, give this deal a second look.” It seemed as though the PM’s words fell on deaf ears as most MP’s appear to have made their mind up. Theresa May additionally explained to Parliament how she had obtained a 3 page letter from Jean Claude Junker and Donald Tusk, offering further assurances but which falls short of the UK’s request to insert a target date for both sides to ensure the backstop would only be used for a year, if at all.”

Yesterday saw some fun and games for sterling. The currency moved higher after claims from ITV’s Peston that the ERG (European Research Group – comprising of Conservative MPs: generally pro-Brexit/anti-May’s deal) would vote with May unless Labour MP Hilary Benn removed his amendment for no-deal not to be possible. This news pushed GBP higher by around 0.5%. Tonight’s vote will likely take place between 7pm and 9pm. Please be aware we could see serious levels of volatility across pound pairs depending on the vote outcome and any of the subsequent consequences which could rumble on late into the evening.

Written by Viv Savani. 8:47am, January 15th 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

6:34am, March 17th 2023

ECB Hike 50bps

View Report
8:05am, March 9th 2023

Dollar in the Driving Seat

View Report
8:08am, March 23rd 2023

Fed Raise Rates, BoE on Tap

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