Take Control of Your Foreign Exchange Exposure
Your Currency Strategy Companies that trade internationally or have offices overseas are exposed to foreign exchange (FX) risks that arise from fluctuation in the currency markets. Any currency can experience periods of high volatility, making attempts to predict the foreign exchange markets a gamble that affects profitability. From eCommerce to imports, a growing number of businesses are understandably keen to…
City of London Wealth Management Awards 2019 Nominee
We are delighted to announce that Central FX have been nominated for the category FX Service Provider at the City of London Wealth Management Awards (COLWMA) 2019. The awards celebrate the outstanding achievements and critical service provided by both the organisations and the individual agents themselves in the Financial sector. Winners of the Awards will be determined by a public…
Daily News: Tue, 5th Feb 2019
The US dollar maintained a firm tone after last week’s data while major alternatives also failed to garner significant support.
Daily News: Mon, 4th Feb 2019
Headline US jobs data again comfortably beat market expectations, although the overall data was more mixed.
January in the Markets
Brexit has once again been the central concern for the pound. Dovish reactions from everyone from the US Fed to Bundesbank head Weidmann have been a theme throughout, but global equities have remained resilient. Despite all the concern Sterling posted the sharpest gain for a year this January – reflecting a growing sentiment that a no-deal Brexit can, and will,…
Daily News: Fri, 1st Feb 2019
Sterling was unable to make headway in early Europe on Thursday with markets still fretting over the evidence of deadlock within Brexit negotiations.
Daily News: Thu, 31st Jan 2019
Sterling continued to be hampered by political uncertainty as the EU took a tough stance on re-opening the Withdrawal Agreement.
Daily News: Wed, 30th Jan 2019
Sterling retreated after the UK parliamentary amendment blocking any ‘no-deal’ exit was defeated while the EU reiterated that the Withdrawal Agreement could not be re-opened.
Daily News: Tue, 29th Jan 2019
Sterling was hit by a measured correction after strong gains on Friday with political uncertainty dominating sentiment.
Daily News: Mon, 28th Jan 2019
Sterling was again supported by hopes that a ‘no-deal’ Brexit deal would be avoided and that EU concessions could be secured.
Daily News: Fri, 25th Jan 2019
Sterling pushed higher again in Asia on Friday with 11-week GBP/USD highs following reports that the Northern Ireland DUP could support the Brexit Agreement in next week’s vote.
Setting a Budget Rate for Your Foreign Exchange Exposure
Can You Accurately Set A Budget Rate? As we head into 2019 the usual strategies and budgets that need to be delivered on become locked in place. However, within the foreign exchange (FX) markets the only thing that you can accurately predict over the next 12 months is market volatility. Companies are beginning to embrace the uncertainties of trading overseas…