July saw some positive developments as more of the UK reopened with the support of a VAT cut for the hospitality and leisure industry from 20% to 5%, as well as further details in the Chancellor’s Summer Statement of the job retention and kick-start schemes.
The picture was not entirely optimistic though, several major high street retailers announced job cuts amid falling sales and the OBR warned that tax rises and spending cuts are inevitable. Discover the highs and lows of the FX market in July, including:
The movements of the pound, euro and US dollar
Investors cast their eyes back to Brexit
The result and impact of the EU Summit
Pressure on the US as coronavirus cases rise and the Presidential election looms
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Moneycorp is a trading name of TTT Moneycorp Limited, a company registered in England under registration number 738837. Its registered office address is at Floor 5, Zig Zag Building, 70 Victoria Street, London SW1E 6SQ and it is VAT registration number is 897 3934 54. TTT Moneycorp Limited is authorised by the Financial Conduct Authority under the Payment Service Regulation 2017 (firm reference number 308919) for the provision of payment services.
Moneycorp FRM is a trading name of Moneycorp Financial Risk Management Limited which is authorised and regulated by the Financial Conduct Authority for the provision of designated investment business (firm reference number 452443).
Travel money services are provided by Moneycorp CFX Limited. Moneycorp CFX limited is a company registered in England under registration number 4780562. It is registered office address is at Floor 5, Zig Zag Building , 70 Victoria Street, London, SW1E 6SQ and its VAT registration number is 897 393454.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Explorer™️ Card is issued by Prepay Technologies Ltd (PPS), with its registered office at Floor 6, 3 Sheldon Square, London W2 6HY UK. PPS is authorised and regulated by the UK Financial Conduct Authority for the issuance of e-money with firm reference number 900010.