Sterling strengthens as euro data and Fed loom
The pound recovered to its best level against the euro in around two weeks yesterday and made smaller gains against the US dollar.
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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, 30 April 2024
GBP / EUR
▲ 0.12%
1.1671
A transfer of €300,000 would cost
£307 less
today than yesterday.
GBP / USD
▲ 0.53%
1.3438
A transfer of $350,000 would cost
£1,380 less
today than yesterday.
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Sterling starts the week in a much better position than last Monday, having gained around 0.7% against the euro and 1.3% against the US dollar. The pound’s strength against USD has come from the diminishing expectations of early…
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USD: Fed’s wild week
US data last week sharpened focus on the Federal Reserve, who now must navigate a tricky environment as the next election draws ever closer.
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EUR: All square
The euro had been having a good week against the US dollar, before the drama of Thursday and Friday helped quash those gains. It could be in the firing line again with more European data in the early…
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GBP: Regaining ground
Sterling recovered from its recent wobble to post a much more solid week against its rivals. GBP/EUR trended up and looks to build on momentum this time around.
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US dollar rides ‘stagflation’ wave
The US dollar ended last week on a high as the Federal Reserve’s favoured measure of inflation increased by 0.3% in March.
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USD: Downhill for the dollar
It was (almost) all downhill for the dollar this week, as hopes for an early interest rate cut and economic soft landing ahead of the election dissipated.
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EUR: Positive week for euro so far
A good day against the US dollar and yen were the high spots in a week where the EUR/USD has gained 0.8%.
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