Jump to a section -> GBPEURUSDCentral BanksPoliticsBrexit

Five Benefits of Using a Broker

Whether it’s for business or pleasure, when you transfer your money abroad you want to ensure you’re getting the most amount of currency for your money. Here are five benefits to using a currency broker over another payment provider.

Read More

Latest GBP News

October 1, 2019 2:29 pm | AUD, GBP, USD | by Ashleigh Fox

Australian Dollar Falls Following RBA Rate Cut – More Cuts Ahead?

Overnight, the Australian Dollar experienced some movement when the Reserve Bank of Australia (RBA) opted to cut interest rates by 25 basis points to 0.75%. The move was largely expected, and came as the third reduction to the cash rate in five months. The Australian Dollar exchange rate initially spiked on the news before falling back as markets reviewed RBA comments. While the Reserve Bank of Australia may be attempting to stimulate low inflation and employment, the central bank may be giving itself a headache in other respects, such as housing. Since the first rate cut in June--which was followed by another in July--house prices in Sydeny and Melbourne have risen by around 3.5%. Meanwhile, inflation has only registered a 1.6% increase. RBA Governor Philip Lowe commented: 'The low level of interest rates, recent tax cuts, ongoing spending on infrastructure, signs of stabilisation in some established ...

Read More
September 24, 2019 12:56 pm | Brexit, EUR, GBP, USD | by Ashleigh Fox

Pound Higher as Supreme Court Rules; GBP/EUR, GBP/USD Forecast

The Pound has been trending higher against a basket full of majors this morning. Brexit developments have been unfolding, with the Supreme Court ruling that Boris Johnson's prorogation of Parliament was unlawful. Lady Hale gave her judgement, saying that the prorogation was 'unlawful, void, and of no effect', that the decision impeded Parliament, and 'the effect on the fundamentals of democracy was extreme.' Since the news, many politicians have called for Johnson's resignation. Labour leader Jeremy Corbyn said Boris Johnson needed to 'in the historic words, consider his position'. The SNP has also called for Boris to resign, with Joanna Cherry saying: 'Boris Johnson's position is untenable and he should have the guts to resign.' Meanwhile, Nigel Farage, former UKIP leader and head of the Brexit Party has called for Johnson's chief of staff, Dominic Cummings to resign, Tweeting:  Liberal Democrats leader Jo Swinson also suggested Boris Johnson ...

Read More
September 4, 2019 12:22 pm | Brexit, EUR, GBP, Politics, USD | by Ashleigh Fox

Pound Recovers as Markets Eye Brexit Extension and Snap Election

The British Pound exchange rate has been strengthening in Wednesday's European session after falling to its lowest level in three years yesterday. Boris Johnson suffered a defeat in the House of Commons on Tuesday night, which has offered the British currency some support as MPs have taken control of the Parliamentary agenda. Today, MPs will vote on whether the possibility of a no-deal Brexit on October 31st can be ruled out--an event which could see the Pound Euro and Pound US Dollar exchange rates supported further.  However, Boris Johnson has threatened to hold a snap election in October should the bill be made into law, and proceeded to kick out 21 Conservative MPs from the Parliamentary party who rebelled against him. No-Deal Brexit Risk Drives Pound Sterling Exchange Rate The risk of a no-deal Brexit has been driving a lot of market movement; Goldman Sachs has now placed ...

Read More
August 8, 2019 9:59 am | EUR, GBP, USD, ZAR | by Lauren Bessent

Pound Euro Depressed, US Dollar Unmoved by Data, Rand Hits Lows

Macroeconomic data is thin on the ground, and what has been released of late is having little impact on major currencies. The Pound – Euro rate (GBP/EUR) remains depressed despite poor German manufacturing data, whilst Sterling – US Dollar (GBP/USD) was unmoved by slow growth in US consumer borrowing. The worsening economic situation in South Africa has, however, proved sufficient to drive GBP/ZAR up to seven-week highs. Weak German Economic Data Fails to Dent Euro Exchange Rate Despite mounting fears of a recession in the Eurozone after Germany’s Industrial Production reading fell faster than had been expected yesterday, the Pound – Euro exchange rate (GBP/EUR) remains close to recent lows. The news from Germany was sufficient to provide some short-lived support for Sterling, but with an increasingly complex constitutional problem brewing in Westminster as Boris Johnson bids to force through Brexit at whatever price, confidence in the ...

Read More
August 7, 2019 11:14 am | EUR, GBP, NZD, TRY, USD | by Charlie Murray

Pound Jumps Vs New Zealand Dollar, Turkish Lira Strengthens, GBP/EUR Awaiting Direction

Comments that the Federal Reserve has done enough with interest rates for now has ensured no fresh upside for the Pound – Dollar rate (GBP/USD), whilst the glimmer of a way ahead in finding a Brexit deal has also left Sterling – Euro (GBP/EUR) looking distinctly cool. Ongoing support for the Turkish Lira continues to buoy the currency and New Zealand’s central bank drove GBP/NZD to six-week highs with a surprise rate cut overnight. As Fed Refuses to Respond to China Trade War, Cable Holds Fast The British Pound – US Dollar exchange rate (GBP/USD) has been little changed in recent hours, with markets looking devoid of fresh information to work with. James Bullard, one of the Federal Reserve’s voting members, spoke yesterday but made clear that he felt US interest rates were now in the right region and that the central bank wouldn’t be responding to ...

Read More
View All GBP News

Latest Video Content

January 11, 2019 10:43 am | Brexit, GBP, Video | by Ashleigh Fox

Pound Sterling Exchange Rate Forecast: UK Economic Growth Hits Six-Month Low

The Pound exchange rate has been in a tight range against the US Dollar (GBP/USD) and Euro (GBP/EUR) on Friday morning, despite news that UK economic growth had hit a six-month low. The UK registered a 0.3% increase in growth in the three months through November, slightly lower than the previous 0.4% reading. Economic growth ...

Read More
June 19, 2018 12:20 pm | GBP, USD, Video | by Ashleigh Fox

Pound to US Dollar Hits Lowest Level Since November as Exchange Rates Fall on Uncertainty

The Pound to US Dollar (GBP/USD) exchange rate hit a seven-month low on Tuesday as US/China trade war fears and Brexit uncertainty spooked markets. The GBP/USD exchange rate hit lows of 1.3158 - the weakest level seen since November 2017. It's not just the Pound taking a beating, other major currencies have been declining against ...

Read More
View All Video News

Latest USD News

October 1, 2019 2:29 pm | AUD, GBP, USD | by Ashleigh Fox

Australian Dollar Falls Following RBA Rate Cut – More Cuts Ahead?

Overnight, the Australian Dollar experienced some movement when the Reserve Bank of Australia (RBA) opted to cut interest rates by 25 basis points to 0.75%. The move was largely expected, and came as the third reduction to the cash rate in five months. The Australian Dollar exchange rate initially spiked on the news before falling back as markets reviewed RBA comments. While the Reserve Bank of Australia may be attempting to stimulate low inflation and employment, the central bank may be giving itself a headache in other respects, such as housing. Since the first rate cut in June--which was followed by another in July--house prices in Sydeny and Melbourne have risen by around 3.5%. Meanwhile, inflation has only registered a 1.6% increase. RBA Governor Philip Lowe commented: 'The low level of interest rates, recent tax cuts, ongoing spending on infrastructure, signs of stabilisation in some established ...

Read More
September 24, 2019 12:56 pm | Brexit, EUR, GBP, USD | by Ashleigh Fox

Pound Higher as Supreme Court Rules; GBP/EUR, GBP/USD Forecast

The Pound has been trending higher against a basket full of majors this morning. Brexit developments have been unfolding, with the Supreme Court ruling that Boris Johnson's prorogation of Parliament was unlawful. Lady Hale gave her judgement, saying that the prorogation was 'unlawful, void, and of no effect', that the decision impeded Parliament, and 'the effect on the fundamentals of democracy was extreme.' Since the news, many politicians have called for Johnson's resignation. Labour leader Jeremy Corbyn said Boris Johnson needed to 'in the historic words, consider his position'. The SNP has also called for Boris to resign, with Joanna Cherry saying: 'Boris Johnson's position is untenable and he should have the guts to resign.' Meanwhile, Nigel Farage, former UKIP leader and head of the Brexit Party has called for Johnson's chief of staff, Dominic Cummings to resign, Tweeting:  Liberal Democrats leader Jo Swinson also suggested Boris Johnson ...

Read More
September 4, 2019 12:22 pm | Brexit, EUR, GBP, Politics, USD | by Ashleigh Fox

Pound Recovers as Markets Eye Brexit Extension and Snap Election

The British Pound exchange rate has been strengthening in Wednesday's European session after falling to its lowest level in three years yesterday. Boris Johnson suffered a defeat in the House of Commons on Tuesday night, which has offered the British currency some support as MPs have taken control of the Parliamentary agenda. Today, MPs will vote on whether the possibility of a no-deal Brexit on October 31st can be ruled out--an event which could see the Pound Euro and Pound US Dollar exchange rates supported further.  However, Boris Johnson has threatened to hold a snap election in October should the bill be made into law, and proceeded to kick out 21 Conservative MPs from the Parliamentary party who rebelled against him. No-Deal Brexit Risk Drives Pound Sterling Exchange Rate The risk of a no-deal Brexit has been driving a lot of market movement; Goldman Sachs has now placed ...

Read More
August 8, 2019 9:59 am | EUR, GBP, USD, ZAR | by Lauren Bessent

Pound Euro Depressed, US Dollar Unmoved by Data, Rand Hits Lows

Macroeconomic data is thin on the ground, and what has been released of late is having little impact on major currencies. The Pound – Euro rate (GBP/EUR) remains depressed despite poor German manufacturing data, whilst Sterling – US Dollar (GBP/USD) was unmoved by slow growth in US consumer borrowing. The worsening economic situation in South Africa has, however, proved sufficient to drive GBP/ZAR up to seven-week highs. Weak German Economic Data Fails to Dent Euro Exchange Rate Despite mounting fears of a recession in the Eurozone after Germany’s Industrial Production reading fell faster than had been expected yesterday, the Pound – Euro exchange rate (GBP/EUR) remains close to recent lows. The news from Germany was sufficient to provide some short-lived support for Sterling, but with an increasingly complex constitutional problem brewing in Westminster as Boris Johnson bids to force through Brexit at whatever price, confidence in the ...

Read More
August 7, 2019 11:14 am | EUR, GBP, NZD, TRY, USD | by Charlie Murray

Pound Jumps Vs New Zealand Dollar, Turkish Lira Strengthens, GBP/EUR Awaiting Direction

Comments that the Federal Reserve has done enough with interest rates for now has ensured no fresh upside for the Pound – Dollar rate (GBP/USD), whilst the glimmer of a way ahead in finding a Brexit deal has also left Sterling – Euro (GBP/EUR) looking distinctly cool. Ongoing support for the Turkish Lira continues to buoy the currency and New Zealand’s central bank drove GBP/NZD to six-week highs with a surprise rate cut overnight. As Fed Refuses to Respond to China Trade War, Cable Holds Fast The British Pound – US Dollar exchange rate (GBP/USD) has been little changed in recent hours, with markets looking devoid of fresh information to work with. James Bullard, one of the Federal Reserve’s voting members, spoke yesterday but made clear that he felt US interest rates were now in the right region and that the central bank wouldn’t be responding to ...

Read More
View All USD News

Latest EUR News

September 24, 2019 12:56 pm | Brexit, EUR, GBP, USD | by Ashleigh Fox

Pound Higher as Supreme Court Rules; GBP/EUR, GBP/USD Forecast

The Pound has been trending higher against a basket full of majors this morning. Brexit developments have been unfolding, with the Supreme Court ruling that Boris Johnson's prorogation of Parliament was unlawful. Lady Hale gave her judgement, saying that the prorogation was 'unlawful, void, and of no effect', that the decision impeded Parliament, and 'the effect on the fundamentals of democracy was extreme.' Since the news, many politicians have called for Johnson's resignation. Labour leader Jeremy Corbyn said Boris Johnson needed to 'in the historic words, consider his position'. The SNP has also called for Boris to resign, with Joanna Cherry saying: 'Boris Johnson's position is untenable and he should have the guts to resign.' Meanwhile, Nigel Farage, former UKIP leader and head of the Brexit Party has called for Johnson's chief of staff, Dominic Cummings to resign, Tweeting:  Liberal Democrats leader Jo Swinson also suggested Boris Johnson ...

Read More
September 4, 2019 12:22 pm | Brexit, EUR, GBP, Politics, USD | by Ashleigh Fox

Pound Recovers as Markets Eye Brexit Extension and Snap Election

The British Pound exchange rate has been strengthening in Wednesday's European session after falling to its lowest level in three years yesterday. Boris Johnson suffered a defeat in the House of Commons on Tuesday night, which has offered the British currency some support as MPs have taken control of the Parliamentary agenda. Today, MPs will vote on whether the possibility of a no-deal Brexit on October 31st can be ruled out--an event which could see the Pound Euro and Pound US Dollar exchange rates supported further.  However, Boris Johnson has threatened to hold a snap election in October should the bill be made into law, and proceeded to kick out 21 Conservative MPs from the Parliamentary party who rebelled against him. No-Deal Brexit Risk Drives Pound Sterling Exchange Rate The risk of a no-deal Brexit has been driving a lot of market movement; Goldman Sachs has now placed ...

Read More
August 8, 2019 9:59 am | EUR, GBP, USD, ZAR | by Lauren Bessent

Pound Euro Depressed, US Dollar Unmoved by Data, Rand Hits Lows

Macroeconomic data is thin on the ground, and what has been released of late is having little impact on major currencies. The Pound – Euro rate (GBP/EUR) remains depressed despite poor German manufacturing data, whilst Sterling – US Dollar (GBP/USD) was unmoved by slow growth in US consumer borrowing. The worsening economic situation in South Africa has, however, proved sufficient to drive GBP/ZAR up to seven-week highs. Weak German Economic Data Fails to Dent Euro Exchange Rate Despite mounting fears of a recession in the Eurozone after Germany’s Industrial Production reading fell faster than had been expected yesterday, the Pound – Euro exchange rate (GBP/EUR) remains close to recent lows. The news from Germany was sufficient to provide some short-lived support for Sterling, but with an increasingly complex constitutional problem brewing in Westminster as Boris Johnson bids to force through Brexit at whatever price, confidence in the ...

Read More
August 7, 2019 11:14 am | EUR, GBP, NZD, TRY, USD | by Charlie Murray

Pound Jumps Vs New Zealand Dollar, Turkish Lira Strengthens, GBP/EUR Awaiting Direction

Comments that the Federal Reserve has done enough with interest rates for now has ensured no fresh upside for the Pound – Dollar rate (GBP/USD), whilst the glimmer of a way ahead in finding a Brexit deal has also left Sterling – Euro (GBP/EUR) looking distinctly cool. Ongoing support for the Turkish Lira continues to buoy the currency and New Zealand’s central bank drove GBP/NZD to six-week highs with a surprise rate cut overnight. As Fed Refuses to Respond to China Trade War, Cable Holds Fast The British Pound – US Dollar exchange rate (GBP/USD) has been little changed in recent hours, with markets looking devoid of fresh information to work with. James Bullard, one of the Federal Reserve’s voting members, spoke yesterday but made clear that he felt US interest rates were now in the right region and that the central bank wouldn’t be responding to ...

Read More
August 6, 2019 9:20 am | EUR, GBP, INR, USD | by Charlie Murray

Pound Slips Against Euro, Finds Support Vs US Dollar and Indian Rupee

With a no-deal Brexit seeming as good as guaranteed, the Pound fell further against the Euro (GBP/EUR) yesterday. However, escalating trade tensions took a toll on the US Dollar, with Cable (GBP/USD) managing to make some progress, while the Pound has also been finding support against the Indian Rupee (GBP/INR). Sterling Slides Lower Against Euro as Political Fog Fails to Clear The Pound Euro exchange rate (GBP/EUR) sought out fresh lows yesterday, pushing down to levels not seen for almost two years as the prospect of political disarray in the UK combined with the risk of a no-deal Brexit continued to loom large. The European Union is said to be working on the basis the UK will crash out of the trading bloc in three months’ time and has reiterated that there’s no room for renegotiation on the current divorce deal. Add to this how Boris Johnson ...

Read More
View All EUR News

Charts

chart
chart
View All Charts

Currency Insights

Understanding Exchange Rates

Learn why exchange rates fluctuate, and how market movements could affect your currency transfer.

View

Global Reach's Quarterly Update

Download the latest quarterly exchange rate forecast to find out what could impact your currency transfer.
View