News
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.
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 […]
Read moreYesterday 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 […]
Read moreLabour 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 […]
Read moreCurrency 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 […]
Read morePM 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 […]
Read moreInflation Rules The Day
14 February, 2019
Simon Eastman
We hit mid-week yesterday and the pound was still floundering, moving up and down in a half-cent range against the euro and 1 cent range against the stronger US dollar. The UK eco stats were led by the key consumer price index released at 9.30am. We were expecting a drop in the cost of living […]
Read moreBoE warns against ‘No Deal’
13 February, 2019
Rob Bastin
With an absence of key data yesterday, the markets were relatively muted trading within a 0.5% range across the board. Sterling markets have largely flattened out in the last week as we await the next round of Brexit updates and potential further amendments to be voted in parliament on Thursday. A second meaningful vote is […]
Read moreKey week for Brexit talks
11 February, 2019
Nakhil Mahra
Last week Theresa May has done the rounds as she has been frequently, visiting both her counterparts in the EU trying to find a solution to the ongoing Backstop issue. Needing to provide an update to parliament this week, her job was made harder with comments made by Tusk saying, “there is a special place […]
Read more2019 looks set to be the worst year for UK since the recession of 2009
8 February, 2019
Annabel Gorrie
Yesterday the Bank of England forecast growth this year to be the slowest since the UK economy was in a recession back in 2009. So, for the first time in 10 years we see the UK going “backwards”. No doubt in anyone’s mind that this is due to Brexit. It forecast growth of 1.7% in […]
Read moreRates hold whilst PM seeks new amendments
7 February, 2019
Grace Rae
Brexit talk European Council President, Donald Tusk, spoke yesterday morning with a statement stressing again that the EU’s position is clear and will not be making any new offer on the withdrawal agreement. Continuing to make quite the comment saying, “I have been wondering what a special place in hell looks like for people who […]
Read more
Archive
New Articles
- Pound holds gains 21 February, 2019
- Yesterday the pound spiked against EUR and USD 20 February, 2019
- Labour Party takes a hit as MPs resign | Pound remains stable 19 February, 2019
Categories
- No categories