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2025 Economic Outlook Survey: Surfing the waves of market turbulence | Corpay

Through our work with businesses of all sizes, we’ve seen firsthand how unpredictable market shifts can impact cash flow and profitability. The following analysis of our 2024-2025 Economic Outlook Survey provides a closer look at challenges companies are facing, offering key takeaways that can help businesses refine their FX approach and make more informed decisions in a year increasingly expected to present challenges.

FX Hedging for Fund Managers: From Policy to Strategy and Implementation | Corpay

In this post by Andrew Shortreid, SVP Global Institutional Sales at Corpay Cross-Border Solutions, he details important steps portfolio managers, members of investment committees, and fund managers can take to create effective hedging policy and optimize FX risk mitigation over time. In this piece, you’ll hear from a seasoned expert, who has worked in challenging roles in the fund and institutional space across European markets.

Decoupling: Currency and Financial Instrument Correlation in FX Markets, Pt. 2

In GPS’ last article, we examined the role of correlation analysis in understanding currency movements, from Bitcoin’s evolving relationships to traditional currency pairings like EUR/USD and GBP/USD, among others. This discussion provided insights into how traders align strategies with interconnected markets. We’re now going to turn our focus to decoupling—when historically correlated currencies or financial instruments begin to diverge—a significant trend in 2024.

Currency and Financial Instrument Correlation in FX Markets

Correlation—a statistical measure of how two variables move in relation to each other—plays a key role in shaping trading strategies, managing risk, and identifying market opportunities in FX. Correlation coefficients, which range from -1.0 to +1.0, help quantify the strength and direction of relationships between currency pairs. A value of +1.0 indicates perfect positive correlation, meaning the two variables move in the same direction 100% of the time. A coefficient of -1.0 reflects perfect negative correlation, where the variables move in opposite directions. For traders, understanding these nuances is crucial for crafting effective strategies.

Market Reactions Following Trump’s Election: Global Shifts and Emerging Opportunities

Donald Trump’s victory piqued optimism across financial markets, with investors responding positively to the anticipated pro-business policies set to be introduced. Markets are already factoring in the potential for reduced regulations, tax incentives, and stronger US-centered trade policies, boosting confidence in sectors tied to domestic growth. The dollar has strengthened on this momentum, affecting currencies worldwide, including the euro, Australian dollar, and Mexican peso.

Mastering FX Budget Rate Calculation for Treasury Success

Treasury Departments, of companies in all sorts of industries, face decision points when calculating budgets amid inflows and outflows of currencies. When a client operates in numerous markets with revenues and expenses in multiple currencies, finance professionals rely on spot rates to calculate FX budget rates. Just like a farmer needs to forecast supplies and expenses for a successful harvest, getting budget allocations right means a good yield.

Polling Insights: US Election's Impact on APAC as FX Markets Brace for Uncertainty

As the 2024 US Presidential Election draws closer, global markets are preparing for potential shifts in foreign exchange markets. Recent remarks by former President Trump regarding trade policies, particularly his stance on tariffs for Chinese imports, have influenced the US Dollar Index (DXY). The question of APAC-connected trade is moving markets today, with FX traders on both sides monitoring the Harris and Trump campaign platforms for signals that could indicate market direction. GPS Capital...

Charlotte’s Response to Hurricane Helene: GPS Capital Markets Steps Up to Help

Hurricane Helene, one of the most catastrophic storms in recent history, struck the Big Bend area of Florida’s Gulf Coast on September 26, 2024. As a powerful Category 4 hurricane, Helene unleashed its fury from the Gulf Coast to the mountains of North Carolina. It left a devastating path of destruction. In the days that followed, recovery efforts across the impacted regions began, with local communities and organizations coming together to offer critical aid. Among those responding to the call was GPS Capital Markets’ Charlotte office and Tyler Thurgood, Corporate FX Trading, Automation, Strategy & Advisory at GPS, who took on a hands-on role in helping residents recover from the devastation.

Polling Insights: What Does the Future Hold for Euro, Dollar, and Pound?

Currency fluctuations can tell a story, one that reflects broader economic trends, geopolitical tensions, and the subtle shifts in central bank policies. As we move into October, recent events have brought these issues to the forefront. Inflation rates in the eurozone are teetering on the edge of the European Central Bank’s (ECB) 2% target, and US interest rate cuts remain a topic of intense speculation.

Natural Hedging vs. Financial Hedging: Navigating Currency Volatility

When we talk about managing currency risk, two approaches often come up: natural hedging and financial hedging. At their foundation, they are two different strategies for tackling the same problem: protecting your business from fluctuating exchange rates. Here we’ll break them down, using some real-world scenarios to help illustrate how companies deal with this challenge. Whether you’re running a multinational or a small business expanding overseas, understanding these tools is crucial to managing your bottom line.

Polling Insights: What’s Driving Currency Volatility and What’s Next for the Dollar?

Global currency markets have been anything but quiet lately, with some big moves catching the attention of our in-house experts at GPS and the wider community of FX enthusiasts and professionals who regularly weigh in on our polls. From the Swiss Franc’s 6% surge against the US dollar since June to GBPUSD’s steady climb, these shifts tell a story of market expectations around US interest rate cuts and broader global influences. While many expect the Fed to ease rates by year’s end, cautious moves could slow that process, potentially reshaping the current landscape.

Comparing CFO and Treasury Roles: Responsibilities, Pain Points, and FX Software Benefits

At the helm of treasury departments is the Chief Financial Officer (CFO), responsible for overseeing the company’s overall financial strategy, while the treasury department manages more tactical aspects of financial operations. Together, these roles complement one another, each contributing to the organization’s financial goals. CFOs and treasury teams work alongside advisors and contractors to ensure consistent cash flow and strict adherence to regulatory requirements.
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