Lumon

📊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

This week, we're seeing some major moves in the currency markets: 💷 𝐁𝐞𝐬𝐭 𝐭𝐢𝐦𝐞 𝐢𝐧 𝐚𝐥𝐦𝐨𝐬𝐭 2 𝐲𝐞𝐚𝐫𝐬 𝐭𝐨 𝐛𝐮𝐲 𝐞𝐮𝐫𝐨𝐬 𝐰𝐢𝐭𝐡 𝐩𝐨𝐮𝐧𝐝𝐬 - The US Dollar's strength is pushing the euro lower, making it a great opportunity to exchange pounds for euros. 💵 𝐁𝐞𝐬𝐭 𝐭𝐢𝐦𝐞 𝐢𝐧 5 𝐦𝐨𝐧𝐭𝐡𝐬 𝐭𝐨 𝐛𝐮𝐲 𝐞𝐮𝐫𝐨𝐬 𝐰𝐢𝐭𝐡 𝐔𝐒 𝐝𝐨𝐥𝐥𝐚𝐫𝐬 – The US Dollar continues to rise, bringing exchange rates close to the best levels in 2024 for converting USD into euros. 🗽𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐫𝐞𝐚𝐜𝐭 𝐭𝐨 𝐓𝐫𝐮𝐦𝐩 𝐩𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐜𝐲 – Ongoing market volatility as investors assess what a Trump presidency could mean for stocks, currencies, and global markets. For further insights and to learn how to make the most of these opportunities, check out our article here: https://lnkd.in/ecUPcTJk

🚨 𝐂𝐮𝐫𝐫𝐞𝐧𝐜𝐲 𝐯𝐨𝐥𝐚𝐭𝐢𝐥𝐢𝐭𝐲 𝐬𝐩𝐢𝐤𝐞𝐬 𝐚𝐟𝐭𝐞𝐫 𝐓𝐫𝐮𝐦𝐩 𝐰𝐢𝐧𝐬 𝐩𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐜𝐲 🚨 The markets are reacting strongly to the election results, with the US Dollar gaining momentum and significant fluctuations in GBP:EUR. We’ve covered the key market implications and what to expect in the coming days. Read our full article to learn more about how a Trump presidency could impact your currency exposures and strategy. 🔗 https://lnkd.in/g6nPmpHW

Market Update 📈 🔹 𝗦𝘁𝗲𝗿𝗹𝗶𝗻𝗴 𝗲𝘅𝗰𝗵𝗮𝗻𝗴𝗲 𝗿𝗮𝘁𝗲𝘀 𝗿𝗲𝗰𝗼𝘃𝗲𝗿𝗲𝗱: The pound rebounded over the weekend after a volatile week, showing a 1.5% fluctuation against the dollar and 1.8% against the euro following the UK budget. 🔹 𝗨𝗦 𝗲𝗹𝗲𝗰𝘁𝗶𝗼𝗻 𝘁𝗼𝗺𝗼𝗿𝗿𝗼𝘄: Markets are tense as polls indicate a tight race between Harris and Trump. The outcome could significantly impact the USD pair, which makes up 60% of global foreign exchange trading! 🔹 𝗕𝗼𝘁𝗵 𝘁𝗵𝗲 𝗕𝗮𝗻𝗸 𝗼𝗳 𝗘𝗻𝗴𝗹𝗮𝗻𝗱 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗙𝗲𝗱𝗲𝗿𝗮𝗹 𝗥𝗲𝘀𝗲𝗿𝘃𝗲 𝗮𝗿𝗲 𝗲𝘅𝗽𝗲𝗰𝘁𝗲𝗱 𝘁𝗼 𝗮𝗻𝗻𝗼𝘂𝗻𝗰𝗲 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗿𝗮𝘁𝗲 𝗰𝘂𝘁𝘀 𝘁𝗵𝗶𝘀 𝗧𝗵𝘂𝗿𝘀𝗱𝗮𝘆, with UK rates likely falling to 4.75% and US rates to 4.5%.   📊 Read this week's full report here: https://lnkd.in/eQpfbaY4

𝗦𝘂𝗽𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗩𝗮𝗹𝗲𝗻𝗰𝗶𝗮 𝗳𝗹𝗼𝗼𝗱 𝗿𝗲𝗹𝗶𝗲𝗳 𝗲𝗳𝗳𝗼𝗿𝘁𝘀    Our thoughts are with our Spanish partners, customers, and all those impacted by the devastating flash floods in Valencia.   Lumon will be making a donation to the Red Cross to help with relief efforts. For those who would also like to lend their support, the Red Cross of Valencia has opened up multiple channels for donations. If you’d like to donate to Red Cross in Valencia, you can: 📞 +34900 1049 71 💬 SMS to 38092 with the word AYUDA (HELP)