USD: Core shifts the dial
Although headline inflation fell, core inflation’s surprise uptick gave the US dollar a leg up heading into the Fed’s next meeting.
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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.
Latest update
Thursday, 12 September 2024
GBP / EUR
▲ 0.15%
1.1964
A transfer of €300,000 would cost
£371 less
between updates.
GBP / USD
▲ 0.50%
1.3393
A transfer of $350,000 would cost
£1,294 less
between updates.
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EUR: Awaiting ECB outcome
The euro will be in for a nervous wait ahead of the ECB’s interest rate decision today. A rate cut is all but priced in at this point, although you can never tell when markets (or policymakers) might…
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GBP: Paying the price
The pound continued to pay the price for the UK’s economic shortcomings. Sterling fell against its major rivals as growth flatlined for the second month running.
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US dollar strengthens as markets bet on smaller cuts
The pound and the euro came under pressure from the US dollar on Wednesday, following inflation data that suggested cooling (but not plunging) prices. That distinction was important, as it suggested the Federal Reserve would decide to cut…
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Sterling weakens as economy flatlines
The pound has fallen across the board today after the UK economy was revealed to have stalled in July. Growth of around 0.2% had been expected by the markets but for the second month in a row Gross…
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USD: Harris’ support grows slightly
Following last night's debate, analysts suggest that the chances for a Harris presidency rose slightly, supported by expectations of increased fiscal spending and more tariffs under another Trump presidency. Today, markets gear up for the August consumer inflation…
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EUR: Investors await ECB decision tomorrow
It's been a relatively quiet week for the euro, with little high-impact economic and political releases to influence the single currency. That will all change tomorrow, however, as ECB policymakers will reassess their policy stance. The current rate…
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GBP: Positive labour data supports pound but not for long
Shortly after the Office for National Statistics said the UK added 265,000 jobs in the three months to July, massively outperforming expectations of 123,000, the pound shot up against the US dollar almost immediately. However, it wasn't long…
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