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The next few days could see increased volatility in the currency markets, driven by two major events: 𝘁𝗼𝗱𝗮𝘆’𝘀 𝗨𝗞 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗿𝗮𝘁𝗲 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻 𝗮𝗻𝗱 𝘁𝗼𝗺𝗼𝗿𝗿𝗼𝘄’𝘀 𝗨𝗦 𝗻𝗼𝗻-𝗳𝗮𝗿𝗺 𝗲𝗺𝗽𝗹𝗼𝘆𝗺𝗲𝗻𝘁 𝗱𝗮𝘁𝗮. Both are expected to provide significant directional cues. 𝗞𝗲𝘆 𝘁𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗼𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀 𝗺𝗮𝗻𝗮𝗴𝗶𝗻𝗴 𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝗿𝗶𝘀𝗸: 𝗕𝗮𝗻𝗸 𝗼𝗳 𝗘𝗻𝗴𝗹𝗮𝗻𝗱 𝗿𝗮𝘁𝗲 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻: The BoE is anticipated to 𝗰𝘂𝘁 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗿𝗮𝘁𝗲𝘀 𝗯𝘆 𝟮𝟱𝗯𝗽𝘀, bringing rates to 4.5% - a move that is largely priced in. 𝗣𝗼𝗹𝗶𝗰𝘆𝗺𝗮𝗸𝗲𝗿𝘀 𝗲𝘅𝗽𝗲𝗰𝘁𝗲𝗱 𝘁𝗼 𝗮𝗱𝗱𝗿𝗲𝘀𝘀 𝘁𝗵𝗲 𝘀𝘁𝗮𝘁𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗨𝗞 𝗲𝗰𝗼𝗻𝗼𝗺𝘆: Particularly in light of market turmoil in early January. Their response to managing similar risks in the future could have a notable impact on sentiment. 𝗨𝗦 𝗻𝗼𝗻-𝗳𝗮𝗿𝗺 𝗲𝗺𝗽𝗹𝗼𝘆𝗺𝗲𝗻𝘁 𝗱𝗮𝘁𝗮: Tomorrow’s release of the key US non-farm employment figures is likely to generate substantial market volatility. The US economy and labour market continue to outperform global counterparts, and a strong jobs report could further boost the US dollar against major currencies. These events present valuable opportunities for traders navigating the current market environment. ☎️+𝟰𝟰 (𝟬) 𝟮𝟬𝟰 𝟱𝟬𝟲 𝟱𝟲𝟳𝟮 🌐𝗹𝘂𝗺𝗼𝗻𝗽𝗮𝘆.𝗰𝗼𝗺/𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲

𝗧𝗼𝗱𝗮𝘆 𝗺𝗮𝗿𝗸𝘀 𝗮 𝗵𝗶𝘀𝘁𝗼𝗿𝗶𝗰 𝗺𝗼𝗺𝗲𝗻𝘁 𝘄𝗶𝘁𝗵 𝗣𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝘁 𝗧𝗿𝘂𝗺𝗽’𝘀 𝗶𝗻𝗮𝘂𝗴𝘂𝗿𝗮𝘁𝗶𝗼𝗻, 𝗰𝗼𝗶𝗻𝗰𝗶𝗱𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗰𝗹𝗼𝘀𝘂𝗿𝗲 𝗼𝗳 𝗨𝗦 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 𝗳𝗼𝗿 𝗠𝗮𝗿𝘁𝗶𝗻 𝗟𝘂𝘁𝗵𝗲𝗿 𝗞𝗶𝗻𝗴 𝗗𝗮𝘆. With over 200 executive orders anticipated, global market volatility could rise. 𝗦𝗶𝗻𝗰𝗲 𝗧𝗿𝘂𝗺𝗽’𝘀 𝗲𝗹𝗲𝗰𝘁𝗶𝗼𝗻 𝘄𝗶𝗻, 𝘁𝗵𝗲 𝗨𝗦 𝗱𝗼𝗹𝗹𝗮𝗿 𝗵𝗮𝘀 𝗺𝗼𝘃𝗲𝗱 𝟵 𝗰𝗲𝗻𝘁𝘀 𝗮𝗴𝗮𝗶𝗻𝘀𝘁 𝘁𝗵𝗲 𝗽𝗼𝘂𝗻𝗱. 𝗧𝗼𝗺𝗼𝗿𝗿𝗼𝘄, 𝗳𝗼𝗰𝘂𝘀 𝘁𝘂𝗿𝗻𝘀 𝘁𝗼 𝘁𝗵𝗲 𝗨𝗞 𝗮𝘀 𝘂𝗻𝗲𝗺𝗽𝗹𝗼𝘆𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗮𝘃𝗲𝗿𝗮𝗴𝗲 𝗲𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗱𝗮𝘁𝗮 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗽𝗮𝘀𝘁 𝘁𝗵𝗿𝗲𝗲 𝗺𝗼𝗻𝘁𝗵𝘀 𝗮𝗿𝗲 𝗿𝗲𝗹𝗲𝗮𝘀𝗲𝗱. These figures may provide early clues about the Bank of England's next moves, potentially influencing the pound. Later this week, 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗖𝗲𝗻𝘁𝗿𝗮𝗹 𝗕𝗮𝗻𝗸 𝗣𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝘁 𝗖𝗵𝗿𝗶𝘀𝘁𝗶𝗻𝗲 𝗟𝗮𝗴𝗮𝗿𝗱𝗲 𝘄𝗶𝗹𝗹 𝘀𝗽𝗲𝗮𝗸 𝗼𝗻 𝗘𝘂𝗿𝗼𝗽𝗲’𝘀 𝟮𝟬𝟮𝟱 𝗺𝗼𝗻𝗲𝘁𝗮𝗿𝘆 𝗽𝗼𝗹𝗶𝗰𝘆, plans could significantly impact the euro's value. ☎️+𝟰𝟰 (𝟬) 𝟮𝟬𝟰 𝟱𝟬𝟲 𝟱𝟲𝟳𝟮 🌐𝗹𝘂𝗺𝗼𝗻𝗽𝗮𝘆.𝗰𝗼𝗺/𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲

We’re delighted to announce that Lumon have been shortlisted in the ‘Best Service from a Business FX Provider’ category at this year’s Moneyfacts Group plc Awards. 🏆⭐ Moneyfacts Group Awards Team #BMFAwards #MoneyfactsAwards #FXProvider

𝗣𝗼𝘂𝗻𝗱 𝘀𝘁𝗲𝗿𝗹𝗶𝗻𝗴 𝘀𝘁𝗿𝘂𝗴𝗴𝗹𝗶𝗻𝗴 𝗮𝗴𝗮𝗶𝗻𝘀𝘁 𝘁𝗵𝗲 𝗨𝗦 𝗱𝗼𝗹𝗹𝗮𝗿   GBP to USD is currently trading at 𝗻𝗲𝗮𝗿 𝘁𝘄𝗼-𝘆𝗲𝗮𝗿 𝗹𝗼𝘄𝘀 as traders continue to exit positions in the pound. 𝗕𝗹𝗼𝗼𝗺𝗯𝗲𝗿𝗴 𝗮𝗿𝘁𝗶𝗰𝗹𝗲 𝘆𝗲𝘀𝘁𝗲𝗿𝗱𝗮𝘆 𝘀𝘂𝗴𝗴𝗲𝘀𝘁𝗲𝗱 𝗮 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗳𝘂𝗿𝘁𝗵𝗲𝗿 𝟴% 𝗱𝗲𝗰𝗹𝗶𝗻𝗲, with markets targeting lower levels as concerns around the UK’s debt crisis escalate.   The latest moves have drawn comparisons to the market turmoil following Liz Truss’s 𝟮𝟬𝟮𝟮 𝗺𝗶𝗻𝗶-𝗯𝘂𝗱𝗴𝗲𝘁, which saw GBP/USD drop as low as 𝟭.𝟬𝟯𝟬𝟬. This pressure could be further exacerbated by 𝘀𝘁𝗿𝗼𝗻𝗴 𝗴𝗹𝗼𝗯𝗮𝗹 𝗱𝗲𝗺𝗮𝗻𝗱 𝗳𝗼𝗿 𝗨𝗦 𝗗𝗼𝗹𝗹𝗮𝗿𝘀, with the US economy continuing to strengthen.   If you have international currency requirements and are worried about how the weakening pound could impact your business, Lumon can help. Speak to a currency specialist today to find out what options you have available to protect your business.   ☎️+𝟰𝟰 (𝟬) 𝟮𝟬𝟰 𝟱𝟬𝟲 𝟱𝟲𝟳𝟮 🌐𝗹𝘂𝗺𝗼𝗻𝗽𝗮𝘆.𝗰𝗼𝗺/𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 https://lnkd.in/dAxTbuDn

📊𝗣𝗼𝘂𝗻𝗱 𝘁𝗼 𝗘𝘂𝗿𝗼 𝗿𝗲𝗮𝗰𝗵𝗲𝘀 𝗻𝗲𝗮𝗿 𝟯𝟭-𝗺𝗼𝗻𝘁𝗵 𝗵𝗶𝗴𝗵: 𝘄𝗵𝗮𝘁 𝗶𝘁 𝗺𝗲𝗮𝗻𝘀 𝗳𝗼𝗿 𝘆𝗼𝘂. 🔹Euro-buying opportunity: With pound-to-euro exchange rates at a 31-month high, A €100,000 transfer could get you up to £7,000 more based on current interest rates. 🔹Political turmoil in France: The French government faces major disruption as Michel Barnier is set to resign following a no-confidence vote, creating uncertainty and delaying the proposed budget. 🔹 Bank of England outlook: No changes to UK interest rates are expected at the December 19 meeting, but the Bank of England signals the possibility of up to four rate cuts in 2025, depending on inflation trends. 🔹 Eurozone GDP release: Eurozone third-quarter GDP data is due this Friday, with 0.9% growth expected. Any surprises in the figures could lead to significant market volatility.   Speak to us at Lumon to discover how we can help you optimise your budget. 𝘌𝘹𝘤𝘩𝘢𝘯𝘨𝘦 𝘳𝘢𝘵𝘦𝘴 𝘢𝘳𝘦 𝘣𝘢𝘴𝘦𝘥 𝘰𝘯 𝘪𝘯𝘵𝘦𝘳𝘣𝘢𝘯𝘬 𝘳𝘢𝘵𝘦𝘴 𝘸𝘩𝘪𝘤𝘩 𝘢𝘳𝘦 𝘯𝘰𝘵 𝘢𝘷𝘢𝘪𝘭𝘢𝘣𝘭𝘦 𝘵𝘰 𝘤𝘰𝘯𝘴𝘶𝘮𝘦𝘳𝘴. 𝘗𝘭𝘦𝘢𝘴𝘦 𝘳𝘦𝘮𝘦𝘮𝘣𝘦𝘳 𝘵𝘩𝘢𝘵 𝘱𝘢𝘴𝘵 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘮𝘢𝘺 𝘯𝘰𝘵 𝘣𝘦 𝘪𝘯𝘥𝘪𝘤𝘢𝘵𝘪𝘷𝘦 𝘰𝘧 𝘧𝘶𝘵𝘶𝘳𝘦 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦. lumonpay.com/Corporate Lumonpay.com/Personal   #PoundToEuro #CurrencyExchange #BankOfEngland #EurozoneGDP #MarketUpdate #FinancialStrategy

𝗢𝘂𝗿 𝗱𝗼𝗼𝗿𝘀 𝗮𝗿𝗲 𝗼𝗽𝗲𝗻 𝗶𝗻 𝗟𝗮 𝗖𝗮𝗹𝗮 𝗱𝗲 𝗠𝗶𝗷𝗮𝘀! 🎉 We're excited to share that we've opened a new office! With so many of our partners and their clients calling the Costa del Sol home, we're delighted to be even closer to their community. We're already trusted by thousands of referring businesses to support their clients with quick, effortless and secure international money transfers, and this new office highlights our continued dedication to offering in-person exceptional support to our partners and their clients.   A huge thank you to everyone who helped us celebrate this milestone last week, it was wonderful to connect with so many of you. If you're in the area, we'd love for you to drop by and say hello 👋 Boulevard de la Cala, Local 28, Planta Baja, Oficina 2, 29649, Mijas, Malaga ✉️ partners@lumonpay.com

𝗪𝗲𝗲𝗸𝗹𝘆 𝗺𝗮𝗿𝗸𝗲𝘁 𝘂𝗽𝗱𝗮𝘁𝗲: 𝗸𝗲𝘆 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀   📉 𝗣𝗼𝘂𝗻𝗱 𝘂𝗻𝗱𝗲𝗿 𝗽𝗿𝗲𝘀𝘀𝘂𝗿𝗲 𝘃𝘀. 𝗨𝗦 𝗗𝗼𝗹𝗹𝗮𝗿 GBPUSD has hit a 6-month low, with eyes on tomorrow's Federal Open Market Committee minutes for crucial insights into US monetary policy.   📊 𝗨𝗦 𝗚𝗗𝗣 𝗱𝗮𝘁𝗮 𝗼𝗻 𝗪𝗲𝗱𝗻𝗲𝘀𝗱𝗮𝘆 The release of US GDP data on Wednesday is anticipated to significantly impact the currency market, potentially driving volatility on exchange rates.   💶 𝗣𝗼𝘂𝗻𝗱 𝘃𝘀. 𝗘𝘂𝗿𝗼 𝘀𝘁𝗲𝗮𝗱𝘆 GBPEUR remains stable at 31-month highs, supported by ongoing concerns over the Eurozone economy.   🔗Read our full market report here: https://lnkd.in/eTr7_wgK  

We had an incredible time this week attending MEDICA 2024 in Düsseldorf, Germany. This global event has been running for 30+ years and is a true testament to the importance of healthcare technology.   This year’s event was nothing short of impressive, with 17 halls (almost the size of a small town!) packed with suppliers, innovations, and ground breaking medical solutions, bringing together thousands of businesses from around the globe.    Here are our key takeaways from the week: 1️⃣ Foreign exchange volatility: A common theme throughout the event was the impact of foreign exchange volatility on both imports and exports. Many companies highlighted how fluctuations in currency values can create uncertainty and financial challenges. Having a currency risk management strategy is essential for mitigating risk and protecting profit margins. 2️⃣ Industry challenges: Navigating complex regulatory landscapes and overcoming market access barriers continue to be significant challenges, particularly in the UK. 3️⃣ Mind-blowing Innovation: From breakthrough tech to life-changing solutions that address real-world healthcare challenges. The commitment to improving lives was awe inspiring. We’re proud to partner with Medilink UK International Services and are honoured to be able to support this crucial industry.    Contact us today to learn how our currency exchange solutions can help your business navigate these challenges. 📧 business@lumonpay.com 📞 UK: +44 (0)203 384 7280 📞 EU: +353 (0)1 592 1528 #Medica2024 #healthcareinnovation #medicaltechnology #medtech #foreignexchange #healthcaresolutuons #Medilink 

📊 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝗺𝗮𝗿𝗸𝗲𝘁 𝘂𝗽𝗱𝗮𝘁𝗲 𝗳𝗼𝗿 𝗼𝘂𝗿 𝗶𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀 🏡 The last few weeks have seen some significant financial events, triggering volatility in the international currency market and impacting affordability on international property sales. 🔹 𝐓𝐡𝐞 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐂𝐞𝐧𝐭𝐫𝐚𝐥 𝐁𝐚𝐧𝐤 𝐜𝐮𝐭 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐫𝐚𝐭𝐞𝐬 for the third successive time this year creating instability for the euro. 🔹 In the UK, the new Labour government’s budget, and their first in 15 years, 𝘁𝗿𝗶𝗴𝗴𝗲𝗿𝗲𝗱 𝗺𝗼𝘃𝗲𝗺𝗲𝗻𝘁 𝗿𝗲𝗹𝗮𝘁𝗶𝗻𝗴 𝘁𝗼 𝘁𝗵𝗲 𝗕𝗿𝗶𝘁𝗶𝘀𝗵 𝗣𝗼𝘂𝗻𝗱. 🔹 And of course, in the USA, the build up to Donald Trump’s election win saw a 𝗽𝗿𝗼𝗴𝗿𝗲𝘀𝘀𝗶𝘃𝗲 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗶𝗻 𝘁𝗵𝗲 𝘃𝗮𝗹𝘂𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗨𝗦 𝗗𝗼𝗹𝗹𝗮𝗿.   These events were crucial for international property buyers and sellers from a currency perspective. Pound to euro levels reached their highest in 2 ½ years, 𝗺𝗮𝗿𝗸𝗶𝗻𝗴 𝘁𝗵𝗲 𝗯𝗲𝘀𝘁 𝘁𝗶𝗺𝗲 𝘁𝗼 𝗯𝘂𝘆 𝗲𝘂𝗿𝗼𝘀 𝘄𝗶𝘁𝗵 𝗽𝗼𝘂𝗻𝗱𝘀 𝘀𝗶𝗻𝗰𝗲 𝗔𝗽𝗿𝗶𝗹 𝟮𝟬𝟮𝟮. At its peak the interbank rate exceeded 1.20, which for a £100,000 budget would have bought €4,500 more than on 1st January 2024, when the interbank rate was down at 1.15.   At its lowest point in October, the pound to euro rate was two cents less than the peak 15 days later. 𝗢𝗻 𝗮 £𝟱𝟬𝟬,𝟬𝟬𝟬 𝘁𝗿𝗮𝗻𝘀𝗳𝗲𝗿, 𝘁𝗵𝗮𝘁’𝘀 𝗮 €𝟭𝟬,𝟬𝟬𝟬 𝘀𝘄𝗶𝗻𝗴 𝗶𝗻 𝘃𝗮𝗹𝘂𝗲, perhaps enough of a move to make or break some of your property deals.   For American buyers, there was also good news. 𝐓𝐡𝐞 𝐔𝐒 𝐃𝐨𝐥𝐥𝐚𝐫 𝐚𝐩𝐩𝐫𝐞𝐜𝐢𝐚𝐭𝐞𝐝 𝐨𝐯𝐞𝐫 𝟯.𝟱% 𝐚𝐠𝐚𝐢𝐧𝐬𝐭 𝐭𝐡𝐞 𝐞𝐮𝐫𝐨 between the start of October and last Wednesday, when Trump’s victory in the presidential election was confirmed, with markets believing a Trump government would result in fewer rate cuts from the Fed. 𝐎𝐧 𝐚 $𝟱𝟬𝟬,𝟬𝟬𝟬 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧, 𝐭𝐡𝐢𝐬 𝐰𝐨𝐮𝐥𝐝 𝐡𝐚𝐯𝐞 𝐫𝐞𝐬𝐮𝐥𝐭𝐞𝐝 𝐢𝐧 𝐚𝐧 𝐞𝐱𝐭𝐫𝐚 €𝟭𝟲,𝟳𝟬𝟬 𝐭𝐨 𝐩𝐮𝐭 𝐭𝐨𝐰𝐚𝐫𝐝𝐬 𝐭𝐡𝐞𝐢𝐫 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲. A considerable improvement, making buying in Europe less costly for Americans throughout the month and into November.   𝐅𝐨𝐫 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐬𝐞𝐥𝐥𝐞𝐫𝐬 𝐫𝐞𝐭𝐮𝐫𝐧𝐢𝐧𝐠 𝐭𝐨 𝐭𝐡𝐞 𝐔𝐊, there were pockets of opportunity that Lumon could have helped with. There was positive movement against the pound following the UK government’s latest Budget where sterling was weaker.   The volatile currency market underscores the need for a tailored strategy to manage risk. We customise our services to each client, helping them capitalise on market movements and protect their profits.   📞 Speak to your local partnership manager to find out more about how Lumon can help your clients protect their international currency budgets.    If you'd like to know more about partnering with Lumon email 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀@𝗹𝘂𝗺𝗼𝗻𝗽𝗮𝘆.𝗰𝗼𝗺 or call 𝟬𝟮𝟬 𝟯𝟯𝟴𝟰 𝟳𝟮𝟴𝟬.

𝐄𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐲 𝐫𝐢𝐬𝐤 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭: 𝐰𝐡𝐲 𝐢𝐧𝐬𝐮𝐫𝐞𝐫𝐬 𝐬𝐡𝐨𝐮𝐥𝐝 𝐡𝐞𝐝𝐠𝐞 For multinational insurers, hedging currency risk is essential to protect overseas revenues from volatility. This week, our Managing Director, Lloyd Eagles, was featured as a guest contributor on the Sapiens blog, sharing the key components of an effective, tailored hedging strategy and its role in enhancing financial resilience. In our latest article, developed in partnership with Sapiens, we dive into:  🔑 The key risks insurers face with currency fluctuations 🔑 Why hedging is essential for maintaining financial stability 🔑 Practical strategies to mitigate risk and protect profitability.   📰Read our featured blog for further insights: https://lnkd.in/ezQeDUVx #insurance #fx #riskmanagement #currencyrisk #InsurTech #FinancialPlanning #MergersAndAcquisitions