Trade tracker launched to forecast international outlook

A new report which indexes global transaction data against latest market and economic insights has been launched by Western Union Business Solutions.

Launched in partnership with Oxford Economics, the Global Trade Tracker helps clients track and forecast the future outlook for cross-border trading.

The pandemic has been the primary disrupter of international trade, but there are many other key factors reshaping global imports and exports.

George Vessey (pictured), FX and macro strategist at Western Union Business Solutions, said: “It 's become increasingly difficult to quantify the impact of these market forces.

“Therefore, to help offer faster and more predictive trade insights, we 've launched our Trade Tracker Index. ”

Western Union Business Solutions supports the global flow of commerce by facilitating millions of international transactions between 60,000 people and businesses every year.

Consequently, WUBS has access to real-time information which can provide insight into macroeconomic developments - particularly around the theme of international trade.

The index will provide a projection for import/export data in September, at which point official data for this period would only be available up to July.

Click here to view the report.