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

8:12am, September 28th 2020

Very Busy Week For Markets – Volatility Expected

As we cross over into a new month and quarter in the second half of this week, participants will be faced with a barrage of economic data, culminating in Friday’s US employment report. Brexit negotiations will recommence this week, however, very few are forecasting any breakthroughs just yet.

The week ahead will see both month-end and quarter-end occur on Wednesday. Given how active FX markets have been at month-end recently, it can be expected we will see a surge in volatility as the corporate and institutional world rebalance their books for the new and final quarter of 2020.

Data-wise, as mentioned above, US non-farm payrolls will be the highlight on the data docket this week. However, there will also be a heavy focus around global September PMIs as well as final Q2 GDP reads. We’ll also have inflation metrics from the eurozone and the US.

Brexit will once again come back into focus as negotiations continue this week. While small glimmers of hope for a deal are seeping through, time is ticking and the pressure is on to see a breakthrough by the 15th October soft-deadline. If this week goes by with no positive developments then that little bit of hopes gets even smaller.

Have a good week.

Written by Viv Savani. 8:12am, September 28th 2020

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

8:47am, November 6th 2020

One More State Required

View Report
8:15am, November 19th 2020

Sterling Rejected At $1.33 Again

View Report
8:14am, November 18th 2020

Sterling Rises

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