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Economic Update 20 May 2024 8 minute read

Key inflation data on Wednesday could propel pound further

Last month, currency markets saw subdued activity, with GBP/USD trading within a narrow range of 1.2580 to 1.2880, while GBP/EUR held steady between 1.1630 and 1.1758. The low volatility among the three key global economies reflected the stagnant interest rates, which have remained 'paused' for as many as ...

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Economic Update

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Daily updates

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Article 27 Mar 2023 3 minute read
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Moneycorp delivers career coaching with Future Frontiers for the third year

The Moneycorp team recently teamed up with educational inequality charity Future Frontiers to deliver a coaching programme for students from Claremont High School Academy Trust in Harrow.

Article 16 Mar 2023 2 minute read
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The Spring Budget Update

The Chancellor opened his budget announcement with positive news from the Office of Budget Responsibility, which has forecast the UK will now avoid a recession in 2023 and inflation will slow to 2.9% by the end of 2023, down from 10.7% in the fourth quarter of 2022.

Article 06 Mar 2023 2 minute read
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Protecting Your Funds

On March 10, 2023, US state regulators closed Silicon Valley Bank (SVB) and appointed the Federal Deposit Insurance Corporation as receiver to protect customer funds. Read Moneycorp's message to our customers and partners.

Article 06 Mar 2023 9 minute read
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International Women’s Day

Sentiments about International Women's Day can be mixed. And there's been good and bad news recently on the journey to equality. Great news that women have 'raced into the boardroom' of FTSE 350 companies; less good news...

Daily Brief 11 Aug 2022 4 minute read
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U.S Inflation eases, and the dollar declines

Finally, markets get something to smile about on inflation. There was a collective sigh of relief yesterday afternoon, as the…

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Weekly updates

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Economic Update 20 May 2024 8 minute read
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Key inflation data on Wednesday could propel pound further

The pound ended the week with more positive momentum to the upside against both the euro and the US dollar. Sterling gained 1.5% versus the USD and is currently sitting towards the upper levels of recent trading ranges with both the dollar and the euro. The pound appeared to benefit from a more stable outlook on interest rate policy in comparison to the dollar, becoming more favoured by investors towards...

Economic Update 13 May 2024 8 minute read
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US data signals potential stagflation​

The Bank of England held rates steady as expected last Thursday. Interest rates have remained at the 16-year high of 5.25% over the previous six meetings as the central bank's monetary policymakers wait for the threat of high inflation to diminish.Governor Andrew Bailey's comments were described as more optimistic, hinting at a possible rate cut in June. He stated that a cut at the...

Economic Update 07 May 2024 7 minute read
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Will the Bank of England mirror the Federal Reserve?

Last week was quiet regarding UK data releases, but with the Bank of England scheduled to meet on Thursday, this week could see more movement in the pound. Markets expect the Bank of England to follow the Federal Reserve and hold rates when they meet on Thursday, May 9th. They anticipate only a...

Economic Update 29 Apr 2024 6 minute read
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Federal Reserve Meeting in Focus: US Expected to Hold Steady at 5.5%

It’s a quiet data week for GBP ahead of the Early May Bank Holiday weekend, with services industry data serving as the most notable on Friday. Markets will be preparing for next week’s Bank of England (BOE) meeting on Thursday which, based on current market expectations, will result in a sixth consecutive hold of the BOE’s...

Economic Update 22 Apr 2024 6 minute read
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Surging Dollar raises investor caution amid geopolitical tensions

The pound dropped to a fresh year low against the USD at the end of last week's trading sessions as the Deputy Governor of the Bank of England, Dave Ramsden, highlighted easing price pressures in the UK. This could suggest that he has become more open to the possibility of an interest rate cut sooner...

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Brexit

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Blog 18 Feb 2022 4 minute read
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Hedging meaning in business

Hedging meaning in business refers to a practice that may reduce your exposure to risks such as adverse exchange rate fluctuations. Find out about hedging.

Blog 31 Jan 2022 4 minute read
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The impact of Brexit on businesses

Trade, labour, supply chain disruption, and growth opportunities are some of the impacts of Brexit on businesses in the UK. Take a closer look at things.

Case Study 27 Jun 2021 11 minute read
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Talking patience, pivoting and super-premium spirits with Eight Lands

A discussion of the highs, lows and lessons of the past 18 months for a young, British SME with global ambition

Whitepaper 10 Jun 2021 1 minute read
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Assessing currency risk in your business

Read our whitepaper on how to evaluate the currency exposure of your business and discover a range of tools designed to mitigate risk

Case Study 04 May 2021 11 minute read
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Looking forward with 'Brand of Tomorrow', Shackleton.

In conversation with award-winning British business, Shackleton, on redefining the moment, navigating global expansion after Brexit and learning to adjust amid a global pandemic

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Press releases

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Article 08 May 2024
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Moneycorp named in top 100 cross-border payments companies list

London, UK 21 May 2024, Moneycorp, a leading provider of cross-border payment and foreign exchange services, is proud to announce its inclusion in FXC Intelligence’s 2024 top 100 cross-border payments companies market map. This recognition marks the sixth consecutive year Moneycorp has been named among the most important players in the cross-border payments space.

Article 08 May 2024
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Moneycorp Awarded Best Business Money Transfer Provider by TopMoneyCompare

London, UK, 23 May 2024 – Moneycorp is delighted to announce that it has been awarded the "Best Business Money Transfer Provider" award by the popular comparison site TopMoneyCompare.

Article 08 Mar 2024
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International Women's Day

On International Women's Day 2023, Moneycorp launched its pilot Women's Mentoring Programme. Today, we celebrate the conclusion of our first successful cycle, marking a year of remarkable achievements.

Blog 09 Feb 2024 6 minute read
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Happy Year of the Dragon

Chinese New Year falls on Saturday, 10th February this year. The date of the festival changes annually because it follows the lunar calendar rather than the Gregorian calendar. Generally, it falls between mid-January and mid-February and welcomes a new animal of the Chinese Zodiac.

Press Release 23 Jan 2024 3 minute read
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Moneycorp celebrates double distinction by winning Feefo’s 10 Years of Excellence Award 2024 and Platinum Trusted Service Award 2024

Moneycorp, one of the world’s leading cross-border payments businesses, today announces that Chief Financial Officer, Velizar Tarashev has been appointed by the Board as the Group’s next Chief Executive Officer effective immediately.

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Whitepapers

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Whitepaper 18 Aug 2021 2 minute read
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London property outlook

The outlook for the London property market, and beyond, for non-UK residents.

Whitepaper 29 Jul 2021 2 minute read
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Understanding the cost of currency volatility

Currency volatility happens during periods of economic and/or political uncertainty. The value of the pound may fluctuate in response to unexpected economic results...

Whitepaper 21 Jul 2021 15 minute read
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The future of currencies in 2021: 6-month update

How has the global economy performed in the first half of 2021 and how does this affect currency exchange rates? Learn the answers with our in-depth report.

Whitepaper 10 Jun 2021 2 minute read
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Buying a property overseas

Whether you’re buying a retirement villa, a family home in the sun or a seaside apartment for when you need to escape the rat-race, learn how you can make your overseas property dream a reality with our handy guide to buying property overseas.

Whitepaper 10 Jun 2021 1 minute read
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Assessing currency risk in your business

Read our whitepaper on how to evaluate the currency exposure of your business and discover a range of tools designed to mitigate risk

View all Whitepapers

Secret Economist

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Blog 10 Jul 2023
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Secret Economist Q2 review

The US dollar seems to have come full circle this quarter, despite some significant changes. What we really want to know is, why?

Blog 06 Apr 2023
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Secret Economist Q1 review

US dollar battled with ongoing losses in Q1 before having a sudden reversal. Here’s why.

Blog 13 Mar 2023
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Secret Economist - 2023 Outlook

Welcome to The Secret Economist’s 2023 outlook, powered by Moneycorp. In this edition, The secret Economist gives their views on the shape of the economy for the year ahead, and what major events are likely to impact monetary policy.

Blog 07 Feb 2023
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Secret Economist Q4 review

Q3 finished with the US dollar rocketing to multi-decade highs as the markets took fright from some concerning geopolitical and domestic political issues...

Blog 03 Nov 2022
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Secret Economist Q3 review

If you thought Q2 was an interesting quarter in terms of FX market moves, geopolitical risks, inflation and tightening monetary policy, then Q3 was even more...

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Blogs

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Article 07 Mar 2024 10 minute read
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May Market Update

Discover insights on April's currency markets and May's upcoming pivotal economic data. Stay informed on upcoming key events and rate projections in this insightful review.

Article 07 Mar 2024 11 minute read
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April Market Update

Discover insights on March's currency markets and April's upcoming pivotal economic data. Stay informed on upcoming key events and rate projections in this insightful review.

Article 23 Jan 2024 8 minute read
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March Market Update

Delve into the stability of GBP/EUR and GBP/USD amidst central bank decisions in February, while March's outlook hints at potential market volatility and political shifts. Stay informed on upcoming economic events and rate projections in this insightful review.

Article 23 Jan 2024 16 minute read
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2024 Market Outlook

The Moneycorp dealers share their insights on the month and look ahead at trends that might impact market movements.

Article 05 Dec 2023 7 minute read
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December Market Update

The Moneycorp dealers share their insights on the month and look ahead at trends that might impact market movements.

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Webinars

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Webinar 20 Mar 2023 5 minute read
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Webinar: International Women's History Month Panel Discussion

Marianne Gilmore hosts Balshen Izzet, Julia Duthie, and Sara Weller CBE to discuss female empowerment in the workplace and celebrate Women’s History Month.

Webinar 19 Jan 2023 2 minute read
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Webinar: New Year’s Market Update

With 2023 set to bring more economic turbulence, tune in to our panel as they share their insights into the FX market and how to manage risk for you and your business. They’ll look back at Q4’s market activity and identify the key events in 2023 worth keeping an eye on....

Webinar 26 Oct 2021 2 minute read
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On Demand: The road to recovery: return to normality

As we near two years since the first global case of Covid-19, we look back at the impact that Covid-19 has had, now that we are entering the recovery stage of the pandemic.

Webinar 29 Sep 2021 2 minute read
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Webinar: The road to recovery: return to normality

As we near two years since the first global case of Covid-19, we look back at the impact that Covid-19 has had, now that we are entering the recovery stage of the pandemic.

Webinar 18 May 2021 15 minute read
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Webinar: The art of international trade in a post-Brexit world

Shipping, logistics and customs for businesses in 2021 and beyond. As we approach 4 months in a post-Brexit world, businesses are still experiencing challenges...

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Financial Results

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Press Release 23 Jan 2024 3 minute read
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Moneycorp celebrates double distinction by winning Feefo’s 10 Years of Excellence Award 2024 and Platinum Trusted Service Award 2024

Moneycorp, one of the world’s leading cross-border payments businesses, today announces that Chief Financial Officer, Velizar Tarashev has been appointed by the Board as the Group’s next Chief Executive Officer effective immediately.

Press Release 23 Jan 2024 3 minute read
Read more

Moneycorp celebrates double distinction by winning Feefo’s 10 Years of Excellence Award 2024 and Platinum Trusted Service Award 2024

Moneycorp, one of the world’s leading cross-border payments businesses, today announces that Chief Financial Officer, Velizar Tarashev has been appointed by the Board as the Group’s next Chief Executive Officer effective immediately.

Press Release 05 Jul 2023 5 minute read
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Moneycorp announces the appointment of Velizar Tarashev

Moneycorp, one of the world’s leading cross-border payments businesses, today announces that Chief Financial Officer, Velizar Tarashev has been appointed by the Board as the Group’s next Chief Executive Officer effective immediately.

Press Release 01 Jun 2023 6 minute read
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Moneycorp Releases Full Year 2022 and Q1 2023 Trading Update

Global cross-border payments business delivers another year of strong growth. Further demonstration of Moneycorp’s track record as investment in the platform delivers returns.

Press Release 24 May 2022 8 minute read
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Q1 2022 Trading Update

Moneycorp posts strong growth at home and abroad

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