GBP: Failing to find momentum
The pound ended Monday down 0.45% on the euro and slightly behind the struggling dollar. Poor overnight retail data is likely to impact the currency through today.
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Daily Currency Note
Stay informed. Stay in control.
Currency rates fluctuate by the second and can change by up to 10% in the space of a year. On a typical overseas money transfer, that's the difference between completing on budget and needing pay thousands more. Our daily notes keep you informed on every move in GBP, EUR and USD, so you can make confident decisions about when to lock in your rate.
Today's move
Tuesday, 11 March 2025
GBP / EUR
▲ 0.23%
1.1683
A transfer of €300,000 would cost
£580 less
today than yesterday.
GBP / USD
▲ 0.57%
1.3443
A transfer of $350,000 would cost
£1,481 less
today than yesterday.
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Dollar declines driven by on-again, off-again tariffs
The dollar continued to decline on Monday as the US stock markets led a selloff driven by fears of a Trumpcession. Despite losses on the European stock markets, the euro ended up 0.4% up on USD and more…
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GBP/EUR slips to six-week low
GBP/EUR lost the best part of 2% last week as the eurozone finally flexed its muscles. EUR/USD strengthened by a whopping five cents across the week, a feat the pound only narrowly failed to replicate against its trans-Atlantic…
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USD: Septimana horribilis
Last week was something of a horror show for the US dollar, which lost significant value against almost all other major currencies. American markets are growing skittish over the economy’s direction, a trend not helped by unpredictable government…
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EUR: Higher spending sends euro skyward
Europe’s politicians intervened to give EUR/USD its biggest weekly advance this decade. The prospect of higher spending, and therefore more economic growth and debt, injected powerful momentum into the euro. Will the rally roll further, or will the…
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GBP: Bruised but not beaten
The pound lost ground to the euro but could find solace in a string of strong performances against the US dollar, the Canadian dollar and the Aussie dollar. As ever, it’s almost impossible to say if GBP/EU will…
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Euro the big winner from US dollar collapse
GBP/EUR lost the best part of 2% last week as the eurozone finally flexed its muscles. EUR/USD strengthened by a whopping five cents across the week, a feat the pound only narrowly failed to replicate against its trans-Atlantic…
Read more
GBP: Mixed week for the pound
Yesterday was entirely negative for sterling, but across the week losses are significant only against the Swedish krona (down 3.5%), the euro (down 1.75%) the NOK (down 1%). Next week is another quiet one for data, with only…
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