Hawkish Fed props up US dollar
Sterling and the euro enter September slightly weaker against the US dollar after a hawkish speech by the Federal Reserve’s Kevin Warsh ahead of the bank holiday weekend.
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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, 1 September 2026
GBP / EUR
▲ 0.02%
1.1649
A transfer of €300,000 would cost
£60 less
today than yesterday.
GBP / USD
▼ 0.18%
1.3525
A transfer of $350,000 would cost
£478 more
today than yesterday.
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Sterling looks to end summer on a high
The pound has battled through a challenging summer that has featured a new prime minister, speculation around interest rates and lingering concerns that the war in the Middle East would spill over into a prolonged period of high…
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Pound falls as Budget scrutiny sharpens
Sterling fell back against the US dollar and the euro on Wednesday as renewed speculation ahead of October’s autumn Budget collided with the challenging fiscal picture. John Healey’s first Budget as chancellor is set to arrive amid serious…
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Hormuz corridor talks pull oil lower – dollar stays soft
Something shifted in the Gulf yesterday. The foreign ministers of Iran and Oman met in Tehran and signed off a joint statement proposing a temporary shared shipping corridor through the Strait of Hormuz, along with a joint project…
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Trump turns up the heat on Canada – dollar stays fragile
Donald Trump has turned the screw on Canada again. The US president said tariffs on Canadian cars and parts will rise to 50% from the start of next year, adding another layer to a trade dispute that had…
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US-Canada trade row gives markets a fresh headache
The pound is managing to hold on to its summertime gains on both the euro and US dollar. However, just when markets might have hoped for a quieter end to August, Donald Trump has provided another reason to…
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Pound powers to three-month high against dollar
The pound to US dollar rate is currently at its best since early May, 2% up on last month and 10% above the average of the past five years. No such success against the euro, where the air…
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America’s borrowing bill comes due
US national debt passed $40 trillion as the Treasury moved to steady government borrowing costs.
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