Find out how Ebury helped a global commodity company overcome the challenges of paying its large workforce in multiple currencies, making their payroll more reliable and efficient.

The euro has risen to its strongest position since May 2018, while the pound has rallied to a post-general election high versus a broadly weaker US dollar this week. Investors now turn their attention to tonight’s FOMC meeting minutes.

The recent sell-off in the dollar has continued so far this week as investors grow increasingly concerned over the state of the US economic recovery post-lockdown.

The major currencies were largely directionless during listless August trading on Thursday. Today should be much more eventful, with investors eyeing the release of the latest US retail sales figures for July.

The inability of the US government to agree on an extension to its additional unemployment insurance benefit scheme continued to weigh on the dollar on Wednesday. Meanwhile, the pound brushed aside the latest UK GDP figures.

The UK economy officially entered into its worst recession on record in the second quarter of the year, the first time it has done so since the global financial crisis in 2009. Read on to find out how the pound reacted to this morning’s release.

The euro edged lower against the dollar during quiet London trading on Monday, with investors using the opportunity to profit take following the pairs’ recent rally. Sterling held its own ahead of tomorrow’s UK GDP figures.

Compromised email accounts is still the top reason why we see clients falling victim to fraud. We would like to offer a few tips on what to look out for to stay safe.