Smart Currency Business

13/10/2022

The mini-Budget has upset the markets, inflation is at record levels, the war in Ukraine is ever more dangerous and there’s a threat of power cuts this winter.

Meanwhile, a hawkish Federal Reserve is risking global recession in its battle to control inflation, with the Bank of England following behind.

It is not all bad news though as the pandemic looks to be over, unemployment is the lowest for decades and tax cuts are coming.

Read our brand-new Quarterly Forecast for October to December to see what major banks are predicting for the next quarter and beyond.

With current economic concerns of inflation and potential recession, it's vitally important to consider forward contracts to manage the risk associated with currency rate volatility.📈📉 📣

Remove the risk and contact the specialist team at SmartCurrencyBusiness to lock in a forward contract today!!🔓 ✉️[email protected] ☎️(+44) 020 7898 0500

Download your copy of our Quarterly Forecast now: https://bit.ly/3CsjHc9

16/09/2022

Smart Currency Business will be closed on Monday 19th September out of respect for the Late HM Queen Elizabeth II. We will be open as usual from 8am to 6pm on Tuesday 20th September.

05/09/2022

Foreign secretary, Liz Truss has just been named Britain’s new Prime Minister.

Since Boris Johnson’s resignation on July 7, the pound has had a rocky period to say the least, with sterling falling to its lowest against the euro at the start of last week.

Truss was the favourite to win the Tory leadership race and it goes without saying that her victory could have a significant impact on the pound’s rates. First on the list for Truss will be tackling the UK's rising energy costs. Analysts are expecting gas prices to soar following Russia's closure of its key Nord stream 1 pipeline on Friday.

With current economic concerns of inflation and potential recession, it's vitally important to consider forward contracts to manage the risk associated with currency rate volatility.📈📉 📣

Remove the risk and contact the specialist team at Smart Currency Business to lock in a forward contract today!!🔓 ✉️[email protected] ☎️(+44) 020 7898 0500

08/03/2022

The pound has dropped by well over 1% against the euro from its near-six-year high yesterday, while continuing to fall against the dollar.

GBP/USD is now at its lowest point since November 2020, although still well above its five-year average.

This morning retail sales in Britain were seen to be 2.7% above last February (although a 6.9% increase in non-food retail), but this is around half the expected rise.

We’ve also heard that German industrial production was three times greater than predicted, rising in January by 2.7%.

The big story in the business news is oil and gas, with oil hitting $139 a barrel yesterday. To avoid all this cash flowing directly to Russia an oil embargo is being actively considered, but the EU gets 60% of its oil from Russia. An oil embargo could see the price of other countries’ oil hit $200 a barrel or more.

📣Remove the risk and contact the specialist team at Smart Currency Business to lock in a forward contract today!!🔓

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The pound has dropped by well over 1% against the euro from its near-six-year high yesterday, while continuing to fall against the dollar. GBP/USD is now

21/02/2022

We are excited to announce that we have been awarded Finance Business of the Year at the West London Business Awards 2022! 🎉

This is the second year in a row and the third time overall that we have won this special award. It is testament to the hard work from everyone across different business divisions within the Smart Currency Group.

Thanks to all of our clients and partners for your continued support.

24/01/2022

How will central banks balance rising inflation with economic growth?

-COVID-19, Bank of England and Brexit could impact pound
-Will high inflation in the Eurozone subside?
-Extreme predictions from major banks
-Key charts and insights from our currency analyst

Download our latest Quarterly Forecast now!

With brand-new features, including a look back at the pound's movements since the 2016 referendum, as well as a special section on our risk management platform, SmartHedge.

In our brand-new collection of major banks’ exchange rate forecasts, yet again the ranges are anywhere between 20% and 30%. Download for more predictions!

04/01/2022

Sterling starts on the upswing, hovering around its best rate for the past year, as fears over the Omicron variant of Covid-19 dissipate and the markets look forward to more interest rate rises this year.

Sterling has gained well over 7% over the course of the year to be among the best performing major currencies.

At the start of the year it’s tempting to frame in one’s mind how the year will pan out, so data this week could set the tone. There is a lot of data for the markets to chew on for USD and EUR, less so for GBP.

We have to wait another month for the interest rate decisions from the Bank of England (BoE) and European Central Bank (ECB), both of whom make their announcements on 3rd February, while the US Federal Reserve FOMC meets on 28th and 29th January.

In the business news, stock markets in Europe and the US hit a new record, as demand powers ahead and supply chain bottlenecks ease.

Meanwhile, yesterday in a New York court Elizabeth Holmes was found guilty of fraud over her failed blood-testing company Theranos.

📣Remove the risk and contact the specialist team at Smart Currency Business to lock in a forward contract today!!🔓

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Sterling starts on the upswing, hovering around its best rate for the past year, as fears over the Omicron variant of Covid-19 dissipate and the markets

06/12/2021

The pound is still weaker against the euro and the dollar this morning following its slip last week. The Omicron variant continues to weigh on sterling as the markets worry about its potential effects.

On Friday, Bank of England official Michael Saunders said he wanted more information about the Omicron variant before deciding whether to vote for an interest rate hike this month. He explained that “there could be particular advantages in waiting to see more evidence on its possible effects on public health outcomes and hence on the economy.”

There are early signs that the UK’s lorry driver shortage has started to improve according to Logistics UK, who represent freight and haulage businesses. They said that more trainees are now coming through and the number of drivers leaving the profession is easing.

The dollar is stronger this morning, despite a disappointing non-farm payrolls report on Friday. All eyes will be on US inflation figures this week, with core inflation for November expected to come in at 4.9%.

📣Remove the risk and contact the specialist team at Smart Currency Business to lock in a forward contract today!!🔓

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The pound is still weaker against the euro and the dollar this morning following its slip last week. The Omicron variant continues to weigh on sterling as

04/11/2021

The Bank of England will announce its latest monetary policy decision around midday today. Expectations for an interest rate hike have decreased in recent days, however, a hike is still possible.

Sterling could strengthen or weaken following the meeting, depending on whether interest rates are raised or not, and the outcome could determine the pound’s movements for the rest of this year.

The dollar is slightly stronger this morning following the conclusion of the Federal Reserve’s meeting yesterday. It was announced that the large bond-buying program will be tapered, as expected.

📣Remove the risk and contact the specialist team at Smart Currency Business to lock in a forward contract today!!🔓

✉️[email protected]

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http://ow.ly/ogNy50GFUpK

The Bank of England will announce its latest monetary policy decision around midday today. Expectations for an interest rate hike have decreased in recent

27/10/2021

After reaching a 19-month high against the euro yesterday, the pound is still strong this morning ahead of the Chancellor’s autumn Budget.

At around 12:30 this afternoon, Rishi Sunak will reveal his spending plans. The pound could be impacted by this, especially if any announcements have a bearing on decisions from the Bank of England.

The euro is weaker this morning ahead of the European Central Bank’s monetary policy meeting, which is due to take place tomorrow. President Christine Lagarde is expected to confirm that interest rates will be hiked in 2024.

📣Remove the risk and contact the specialist team at Smart Currency Business to lock in a forward contract today!!🔓

✉️[email protected]

☎️(+44) 020 7898 0500

After reaching a 19-month high against the euro yesterday, the pound is still strong this morning ahead of the Chancellor’s autumn Budget. At around 12:30

20/10/2021

"Uncertainties surrounding COVID-19, inflation and the global energy crisis remain, potentially creating a ‘perfect storm’ for governments and currencies across the globe." Alex Bennett, Managing Director

- Could Brexit, COVID-19 and the energy crisis impact the pound as we head into winter?

- When will central banks start to taper monetary policy?

- Will inflation continue to rise as economic growth slows?

- Key charts and insights from our currency analysts

Download your copy of our Quarterly Forecast now!

In our brand-new collection of major banks’ exchange rate forecasts, yet again the ranges are anywhere between 20% and 30%. Download for more predictions!

18/10/2021

The pound is at its strongest level since February 2020 this morning against the euro and is also strong against the dollar. This is due to comments made yesterday by Bank of England Governor Andrew Bailey.

http://ow.ly/J18n50GsVo1

The pound is at its strongest level since February 2020 this morning against the euro and is also strong against the dollar. This is due to comments made