Smart Currency Business – October to December 2019 Currency Forecasts

Smart Currency Business have released their October to December 2019 Currency Forecasts, which you can download for free.

In these forecasts:

Focus on the Brexit, the European Economy and the US-China trade war
Economic factors to look out for in the UK, US and Europe
Currency forecasts for GBP/USD, GBP/EUR and EUR/USD
Brand new ‘Global Currencies’ sections

“The main aim of this report is to highlight how important currency risk management can be to businesses with foreign currency exposure.

In our years of working in the foreign exchange industry, we have learnt that despite what anybody might claim, nobody knows what is going to happen to any given currency pairing from one day to the next. This is especially true for this quarter, as we’ve seen, and will no doubt continue to see, much political and economic uncertainty.

The mixed rhetoric surrounding Brexit negotiations has had a mirrored effect on the pound, whilst the euro and the dollar remain susceptible to slowing economies and trade war tensions. It’s impossible to predict the course of events from now until the 31st of October and beyond, so we can’t begin to make decisions based on how these currencies may fare.

That is exactly why we work hard to extol the virtues of our BRS (budget, risk, solution) approach. If you’ve budgeted at a specific level and the markets do not move in your favour, your business could be significantly affected. Because of this, we think it’s important to take the appropriate measures to protect your money and your business as a whole.

As events unfold, we could see anything from an agreed Brexit, a no-deal Brexit or a general election. We are now closer to the Brexit deadline than ever, yet there is still so much uncertainty on the horizon.

Hence our passion for communicating this crucial point: foreign currency should never be seen as a revenue stream, but, if the right strategic approach is taken, it is a means of achieving a consistent cash flow.

We hope you enjoy reading it as much as we enjoyed putting it together. Download for free here.“