Knowledge Centre

The Pound and Bank of England in the race for higher interest rates

To raise interest rates at a time where economic growth could potentially slump—particularly given the UK's services sector makes up around 70% of GDP—and restrictions could come into play once again, may seem unwise to BoE policymakers. BoE policy maker Michael Saunders, who voted for higher rates at the last meeting, has also recently cast doubt on whether he’d take a hawkish stance again, claiming he’d like more information about the impact of Omicron...

Global Reach Group partner with Wolves

The partnership will see Global Reach become the club’s official FX Partner, with the company supporting Wolves with foreign exchange strategies and global payment solutions, primarily for international player transfers and pre-season tours...

Global Reach Group receives Feefo Platinum Trusted Service Award 2021

Global Reach Group has won the Feefo Platinum Trusted Service award, an independent seal of excellence that recognises businesses for delivering exceptional experiences, as rated by real customers.

Global Reach Group partner with Pompey

Global Reach has partnered with Portsmouth Football Club as its official payments partner...

TreasurySpring and Global Reach Group launch partnership

The TreasurySpring FTF platform offers clients the simplest route to access wholesale money markets, with no set-up costs or standing charges, through a simple digital onboarding process which can be completed within days. Once onboarded, clients can access the platform at any time, offering them a tailored menu of low-risk cash management options in multiple currencies across TreasurySpring’s three core verticals—sovereigns, corporations, and bank exposures—all at the click of a button...

Global Reach Canada is uniquely positioned for rapid growth in Ontario

The Ontario Securities Commission (OSC) has provided Global Reach Canada with a regulatory framework allowing us to provide foreign exchange hedging services to Ontario businesses...

The US Election: The usual and unusual

Election outcomes are key drivers of asset prices and investment flows because markets hold various beliefs about the political and economic policies of each party. In fact, it’s deeper than that because Presidential elections aren’t only about who enters the White House, but which party controls which legislative House of Government...

US election: The key dates

We've created a quick timeline of the key US election dates and what can be expected in the run-up to the 3rd of November. We're taking a look at debates, economic data...

Global Reach adds to senior management team

Global Reach Group, a leading provider of corporate and personal foreign exchange services, has added to its senior management team with the appointment of Dr Tim Watson to lead its global technology function...

Global Reach expands into Canada

Founded in 2001 and headquartered in the UK, Global Reach now has operations in six countries, including offices in South Africa and Cyprus. In 2016, Inflexion Private Equity invested in Global Reach, to support the Group’s ambitious growth strategy.

Safe-havens in demand 2

Last week, the Euro declined against the US Dollar, with further softness a possibility should the effects of the coronavirus continue to dampen the economic outlook.

Safe-havens in demand

Last week, the Euro declined against the US Dollar, with further softness a possibility should the effects of the coronavirus continue to dampen the economic outlook.

Coronavirus and currency: Why is the market volatile?

With hourly coronavirus headlines and significant currency volatility, you may be wondering what the link is, and why markets are moving so dramatically. We explain why markets are experiencing volatility...

Coronavirus spread sours market sentiment

Markets experienced some extreme volatility last week as the spread of the coronavirus continued. The Pound sank to interbank levels as low as 1.23 versus the US Dollar...

Extra banking measures – Confirmation of Payee 

At Global Reach, we try to keep our customers informed about anything that could affect their international payments, which is why we thought we’d offer a quick update on some new upcoming banking measures.

Further emergency easing

Global stock markets came under pressure again on Monday despite central bank intervention to soften the blow from COVID-19.

Budget update: Coordinated policy is key

Chancellor of the Exchequer, Rishi Sunak, marked the end of a decade of austerity by adding £30 billion of fiscal stimulus to the UK economy to combat virus-induced economic contraction.

Finextra: Global Reach Group names Tim Rudman as COO

Boris rattles Pound, Euro on the rise

The Pound came under pressure last week, slipping by over 1.0% against the US Dollar and by around 3.0% versus the Euro after the UK revealed its Brexit negotiating position. British Prime Minister Boris Johnson suggested...

View from the Desk - 2020 Update with John Mullens

One of our Senior Corporate Dealers, John Mullens, takes a look at how foreign exchange markets have been behaving so far in 2020, and the events that could impact currencies in the near future.

View from the Desk - Election market update with Dealing Director Dan Harden

It’s been a busy end to the year with the election dominating a lot of Pound movement. Even for markets, December’s usually a time when things are quietening down, and traders are getting ready for the festive season, which means we see less volatility—but this year that isn’t the case.

Buying property abroad? Your most important Brexit questions answered

With the election just around the corner and hopes for a swift exit from the EU, you might have some questions about how your overseas property purchases or life abroad could be affected. If you fancy a change of scenery and want to buy a property that won’t break the bank, you might be considering where you could move to maximise your funds. We answer some of the important questions you need to consider when buying abroad, look at some relocation and retirement locations in and out of the EU, and what Brexit could mean for you.

Global Reach now uses SWIFT GPI

At Global Reach, we want to ensure your customer experience is as smooth as possible, which is why we’re pleased to announce we now use SWIFT GPI.

Why choose Global Reach?

We’re answering some of the most common questions about foreign exchange brokers, outlining what rules the FCA puts in place, what we at Global Reach do to keep our client funds protected, and why we do and don’t make some of the same claims as other providers.

View from the Desk

Global Reach Senior Corporate Dealer, John Mullens, discusses the Pound's recent big moves, Brexit, and US-China developments.

There’s a new boss in town

Speaking in Berlin yesterday evening, Christine Lagarde, the new European Central Bank President, echoed Mario Draghi’s much-derided line from the September ECB Press conference; without fiscal stimulus, it is unlikely the common currency will rebound.

Getting Brexit done

Today, Johnson will again attempt to win Parliament’s backing for his Brexit deal amid growing confidence that he has enough support to pass the motion. Foreign Secretary, Dominic Raab, told the BBC, ‘we appear to have the numbers to get it through’.

Pound rockets on deal optimism as talks get down to the wire

This morning the British currency fell as some of the recent Brexit optimism faded, but as the day has gone on, Sterling has reached a five-month high against the US Dollar and rallied across the board—in some cases by around 1.50%!

Pound hits four-month highs

On Thursday and Friday, the Pound climbed rapidly against the US Dollar, reaching a four-month high of 1.2707 as market expectations for a Brexit breakthrough rose.

The Brexit effect

We look at the effect Brexit's had on the Pound, as well as considering what could lie ahead for the British currency amid chaotic UK politics.

The six cents

Last month, the Pound to US Dollar exchange rate moved within a six-cent range and now October’s here, markets are eyeing the Brexit deadline just a few weeks away with the potential for further volatility. The US Dollar has been stronger given its safe-haven allure, in the middle of trade wars and a slowdown in global growth.

Painting the picture of deterioration

It’s hard to get an objective frame of reference for global growth unless you look at prices. We’ll often hear a steady drip, drip, drip of economic data points—some measuring the past and some looking forward—but most people would be hard-pressed to say how that all tallies and paints a picture of deterioration.

The B word

Global Reach Dealing Director Dan Harden discusses recent market volatility, GBP, EUR, and USD movements and what markets are looking for in the run-up to the October 31st Brexit deadline.

Pound hits highest level since July on Brexit optimism

The move came after European Commission President, Jean Claude Juncker said that he’d had a ‘rather positive’ meeting with Boris Johnson, and that ‘we could have a deal’ by October 31st.

Pound reaches 1.25 as no-deal Brexit fears fade

The Pound has climbed by 4.0% in 10 days against the US Dollar as markets see the possibility of a no-deal Brexit ebbing...

Quick emigration checklist – the essential things to remember before you go

Moving abroad is an exciting time, but it can also be an overload of things to remember before you go. We’ve written a quick checklist you can use, whether you’ve just started looking to move abroad or are waiting for the moving van.

Moving to Japan? Here are the top things you need to know

Japan can be a cultural overload; vibrant cities, old traditions, and plenty of new things to try, but what do you really need to know if you’re going to be spending time there? We’re discussing some of the top things to remember if you’re making the move abroad.

Five facts about Portugal

You might want to buy a holiday home out on the Iberian Peninsula, or you might want to make a permanent move to Portugal. Whatever your interest, we’re sharing a few of our favourite facts about Portugal with you.

GLOBAL REACH RECEIVES FEEFO GOLD TRUSTED SERVICE AWARD 2019

Global Reach has won the Feefo Gold Service award, an independent seal of excellence that recognises businesses for delivering exceptional experiences, as rated by real customers.

Markets look ahead to next week's event risk

Yesterday’s European trading session continued the risk-off tone started by Friday’s US employment report. European equities traded lower as safe-haven currencies booked gains in the G10 space.