Yearly Archives: 2019

You can see our currency news market reports, published daily, on this page. Jargon-free and with our archive back to 2011, bookmark this page to stay on top of the latest currency news relating to your transfers.

A good day to ‘Buy Hard’

28 February, 2019

Samuel Roberts

The past month has been anything but straight forward.  We have Theresa May battling to keep her Brexit deal alive, Eurosceptics in her own party rejecting the so-called backstop and the Pro EU Tories wanting to prevent a no deal Brexit, by delaying the date of Britain’s departure beyond March 29th.  Theresa May was facing a […]

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Brexit, Brexit and more Brexit

27 February, 2019

Simon Eastman

Yesterday was all about Theresa May and her upcoming speech due in the Commons at lunchtime. Markets had seen sterling improve the day before as rumours circulated about what May might say regards a delay in the Brexit process and started off on the front foot again on Tuesday ahead of her address. With talk some Tory rebels […]

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Quiet Monday for the Pound

26 February, 2019

Rob Bastin

Monday’s trading was an extremely quiet day for the Pound as rates consolidated within just a 0.3% range against most majors, finishing the day marginally lower than the market open on Sunday night. With no data out there was little reason for the pound to further continue its recent upward trend, where traders having been […]

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Tick-Tock goes the Brexit clock whilst reports suggest Downing street plan to delay Brexit

25 February, 2019

Matthew Boyle

Over the weekend we have seen news that Theresa May is planning on Delaying Brexit for two months in a bid to stop more Tory resignations. Reports suggest that senior officials are considering a plan to ask the EU to delay article 50 by 2 months, in a short-term extension to allow us time to […]

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The Independent Group growing, pressure on Corbyn

22 February, 2019

Bradley Ronan

Previous Day Sterling lost grounds overnight but managed to recover yesterday off the back of some bad news coming out from Europe. Germany’s Release of its CPI and PMI came in below expectation. Euros PMI also came in lower the expected giving the pound some chance to pull back. Still sitting at some of the […]

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Pound holds gains

21 February, 2019

Nakhil Mahra

Yesterday was a fairly quiet day in the currency markets. With no real data out, most of the trading was sentiment based, which saw Sterling hold its gains from Tuesday. Trading just under the highs of January and up 2 cents compared to close of business Friday. These gains will be a welcome sight for […]

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Yesterday the pound spiked against EUR and USD

20 February, 2019

Joe Goodwin

GBP Yesterday the pound spiked against EUR and USD on reports that the PM may be reconsidering her position on the Backstop. The news hints that a new Backstop deal may be imminent with the EU, as a new proposal has the potential to unite both Brexiteers and Remainers. The pound gained around 1 cent […]

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Labour Party takes a hit as MPs resign | Pound remains stable

19 February, 2019

Grace Rae

Markets opened yesterday in a relatively good position, and with the US closed for bank holiday and little data out for the Eurozone and the UK, markets traded fairly flat throughout the day, providing no surprises, maintaining a stable market. Yesterday’s main news focused on the decision made by a group of seven Labour MP’s […]

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Currency Markets are Loathed to Strike Out in any Direction

18 February, 2019

Tom Arnold

The last week on the markets was fairly uneventful from a currency perspective with relatively little movement of note for GBP related currency pairings. This is mainly due to the ongoing stasis with regard to Brexit. With the government in “kicking the can down the road” mindset, the currency markets are loathed to strike out […]

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PM Mays defeat sees No-Deal still on the table, Pound stutters

15 February, 2019

Matthew Boyle

It has been a busy and mixed week for the Pound for Ecostats, seeing a solid GDP reading on Monday, whilst posting poorer than expected manufacturing and Industrial data, but with inflation dropping to a two-year low. However, and has been the case for some time now, Brexit does remain at the forefront of people’s […]

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