GBP/USD – Surging Pound Shrugs Off Soft Services PMI

GBP/USD – Surging Pound Shrugs Off Soft Services PMI

GBP/USD has started the week with solid gains. In Monday’s North American session, the pair is trading at 1.3022, up 0.40% on the day. On the release front, Services PMI dipped to 52.2, shy of the estimate of 53.4 points. In the U.S, ISM Non-Manufacturing PMI posted a strong gain of 60.3, above the estimate of 59.3 points.

With Interest Rates on the Rise, What Is the Impact on Currencies, Taxes and Foreign Investment?

With Interest Rates on the Rise, What Is the Impact on Currencies, Taxes and Foreign Investment?

With renewed talk on continued U.S. interest rate hikes, corporate financial offers need to get a grip on the ensuing impact of higher rates on the economy, currencies, and business investment.

One thing is for sure—the Federal Reserve is pointing directly to higher rates.

Strong Fundamentals Boost Dollar with U.S. Midterms in Focus

Strong Fundamentals Boost Dollar with U.S. Midterms in Focus

The dollar is higher against major pairs on Friday after the release of the October U.S. non farm payrolls (NFP) report showed a massive 250,000 jobs gain and the fastest wage growth pace since 2009. U.S. fundamentals have been solid and boosted the U.S. dollar higher despite rising political risk ahead of the U.S. mid-terms next week.

Five Things the Markets are Talking About: Monday, October 29

Five Things the Markets are Talking About: Monday, October 29

Euro equities are small better bid, ignoring Asia’s mixed market overnight and slightly weaker U.S. futures on concerns about corporate earnings and global growth. U.S. Treasuries remain well supported as a majority of the market rein in their expectations for tighter Fed policy.

Your Brief 3-step Plan: Building an Expert FX Strategy That Truly Offsets Risk

Your Brief 3-step Plan: Building an Expert FX Strategy That Truly Offsets Risk

A high amount of SMEs with considerable operations in foreign currencies don't protect themselves against FX risk. These companies, many of which record revenues of around $200 million per year, simply don't approach FX management as there is no specialist in-house FX risk manager. Instead, they expose themselves to the whims of the currency market.

Dollar Pays Heavy Price for Equity Sell-Off

Dollar Pays Heavy Price for Equity Sell-Off

The U.S. dollar was lower against most major pairs on Friday. The greenback dropped as investors flocked to safe havens away from the U.S. currency. Trade war concerns and its impact on U.S. companies have triggered a massive sell-off in equities. The U.S. dollar is on the back foot despite strong growth as evidenced by the release of the flash GDP for the third quarter that showed a 3.5 percent gain beating expectations.

Five Things the Markets are Talking About: Monday, October 22

Five Things the Markets are Talking About: Monday, October 22

Global equities remain better supported this Monday morning after Chinese stocks surged overnight on senior officials verbal intervention. The ‘mighty’ U.S dollar has eased a tad along with treasuries, while Italian bonds have rallied.

October Alert: Global Tax Laws Adjusting in North America and the Eurozone

October Alert: Global Tax Laws Adjusting in North America and the Eurozone

A raft of new geopolitical events, like, among other things, the U.S. tax law reform, a NAFTA exodus, and a Brexit reboot in Europe, could be a taxation game-changer for companies doing business overseas. That's especially the case as a new year beckons.

Overall, the global corporate tax landscape has changed dramatically in the aftermath of U.S. tax reform passed and signed into law at the end of 2017, and as its enactment creates ripples across the globe, even in late 2018.

U.S. Growth in Q3 to Guide Dollar

U.S. Growth in Q3 to Guide Dollar

The U.S. dollar is mixed on Friday. Investor’s appetite for risk rose and safe haven currencies (JPY and CHF) fell while positive China and Brexit news saw the NZD, EUR, GBP and AUD advance against the USD. The Canadian dollar was dragged down in the last trading day of the week after softer than expected retail sales and inflation data.

U.S. Retail Sales to Support Dollar

U.S. Retail Sales to Support Dollar


The U.S. dollar was higher against major pairs on Friday, but not enough to end up the week on positive territory. A stock market rout took its toll on the greenback and the subsequent rebound in stock prices supported the currency ahead of the weekend.

Five Things the Markets are Talking About: Monday, October 15

Five Things the Markets are Talking About: Monday, October 15

Following a weekend of warnings on global economic fragility from G10 finance leaders at an IMF meeting in Bali, has global equities starting this new week on the back foot, with regional bourses in Asia and Europe seeing red, while U.S. equity futures are pointing to deep declines.

For CFOs, These Are the Big Takeaways on New U.S., Canada and Mexico Trade Agreement

For CFOs, These Are the Big Takeaways on New U.S., Canada and Mexico Trade Agreement

With NAFTA on the way out after months of intense negotiations, the new United States-Mexico-Canada Agreement (USMCA) trade agreement is coming to fruition soon in advance of a country-by-country vote in a few weeks.

In this article, we focus on the key takeaways for CFOs to get up to speed on the economic impacts for consumers and businesses, the major financial points, and geopolitical implications of the new USMCA agreement.

Dollar Slows Down After U.S. Jobs Miss

Dollar Slows Down After U.S. Jobs Miss

The U.S. dollar was mixed Friday. The GBP deserves a special mention as positive Brexit rumors pushed it 0.61 percent higher against the USD. The American currency lost momentum as the U.S. non farm payrolls (NFP) headline jobs number disappointed with a 130,000 added positions, instead of the forecasted 188,000.

Treasury Insights 2019: Currency Analytics and FX Budgeting

Treasury Insights 2019: Currency Analytics and FX Budgeting

Treasury departments preparing for 2019 can learn from some key lessons by looking back at 2018 currency movements and wider economic developments.

In this article, we focus on six separate focus areas to help your treasury department hit the ground running in 2019 with a value-added foreign exchange and currency analytics strategy in place.