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Weekly market update

Our guides, blogs, and market updates are designed
to give you more insight to make smarter decisions.

Weekly market update

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

16 Oct 2019

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

14 Oct 2019

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 six cents

08 Oct 2019

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.

Countdown to Brexit (again)

30 Sep 2019

Despite putting in its worst weekly performance since August, the Pound is still more than 1.0% stronger this month, given its almost three-cent rise.

Boris Johnson attempts to renegotiate May's deal

23 Sep 2019

The British PM has said he’s ‘cautiously optimistic’. Headlines over Brexit may create Sterling movement in the week ahead.

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Global Reach Group Limited (company number 09907831) is the holding company of Global Reach Partners Limited (company number 04344764), Global Reach Markets Limited (company number 07026070) and Foreign Currency Exchange Limited (company number 5452483). All companies are registered in England with their registered office at 2nd Floor, Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA. Global Reach Partners Limited is authorised by the Financial Conduct Authority (FCA) as an Authorised Payments Institution (FRN 504315). Global Reach Markets Limited is authorised and regulated by the FCA as an investment firm (FRN 526549). Foreign Currency Exchange Limited is authorised by the FCA as an Authorised Electronic Money Institution (FRN 900205).