There are many types of payment rails, each designed for a specific purpose. But what do they mean, and how can they benefit your business?

We are delighted to announce the appointment of Steve Delpy as our new CEO! With over 20 years of experience in financial services, including senior roles at Paysafe, SumUp, Earthport, Amex, and JPMorgan, Steve is deeply committed to creating inclusive financial solutions that empower everyone.

Transferring large sums of money internationally can be a daunting task for a business of any size. With so many options available, how do you know which method is the best, most efficient, and most cost-effective?

The electoral week kicked off yesterday when the French went to the polls in the first round of what, to an outsider, is a complex process. Le Pen’s party did well but now onto the next round with the only assured outcome being change for both France and Europe. The UK has its general election this Thursday, and saying it would be a shock if Labour didn’t win comfortably would be an understatement. The result is undoubtedly priced into sterling, and initially, at least, there shouldn’t be any immediate repercussions in the financial markets. With the election over, the Bank of England will be freed from its recent shackles and able to follow its wish to cut interest rates with a cut possibly as early as August, although the smart money remains on a drop in September.

The Summer Solstice has come and gone, and the days have started to shorten in the Northern Hemisphere. But for many, summer is just beginning, and certainly in Europe, thoughts of lazy days on the beach and warm swims are starting to preoccupy thoughts.

Last Wednesday, Jay Powell and his team delivered a slightly more hawkish message than some traders had expected as they pushed the prospect of sustained easing into next year. In particular, they gave the French markets a good kicking after President Macron called for a snap election. His decision lays open the divisions within France and may well backfire on the incumbent and his Renaissance party. With political instability, an anathema to financial markets, we may have an uncomfortable few weeks ahead for the single currency.

Four of the G10 central banks have already delivered interest rate cuts, almost all being well-telegraphed. The ECB followed suit last week, cutting by .25%. However, Christine Lagarde was less than clear on the future path of rates, leaving this observer feeling that she may have some regrets over having boxed herself into this month’s rate cut.

After two holiday-shortened weeks, we return to a whole week of trading today and an interesting few days ahead. After Friday's PCE deflator came in slightly softer than expected, the dollar began to sell off from its recent levels and tested significant support levels on the dollar index.

Not unusually, Europe is out of step with the UK, with much of it shut to celebrate Whit Monday whilst we remain open today but shut next Monday. It is tempting to make puns with a holiday called Whit Monday, but I will avoid the groans and concentrate on more serious matters. The data out of the states last week was, as it has been recently, somewhat mixed, with the PPI numbers a little hotter than expected, whilst the CPI was a little softer.

The markets seem fixated on when the Federal Reserve will start to drop interest rates in the US. Certainly, Chairman Powell was slightly more dovish in his press conference after the FOMC meeting than many had anticipated. Some traders opined that Jay Po had had a sneak preview of last Friday's Non-Farm Payrolls figure, and after the number came in moderately weaker than analysts had predicted, this view gathered strength.