UK inflation shrinks to 3.4%
UK inflation fell to an annualised 3.4% in February, below market expectations of 3.5% and well under last month’s 4%.
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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
Wednesday, 20 March 2024
GBP / EUR
▼ 0.13%
1.1982
A transfer of €300,000 would cost
£332 more
today than yesterday.
GBP / USD
▲ 0.17%
1.3408
A transfer of $350,000 would cost
£439 less
today than yesterday.
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Sterling holds steady ahead of central bank decisions
The pound held its ground against major currencies yesterday ahead of key economic data expected to come later this week.
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USD: Dollar index soars
The dollar index is hovering around its highest levels in two weeks ahead of the Fed's interest rate decision on Thursday. While investors widely expect the central bank to hold rates steady this week, they will be focuses…
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EUR: Eurozone inflation at 3-month low
The consumer price inflation rate in the euro area was confirmed at 2.6% year-on-year in February 2024, the lowest rate in three months but exceeding the European Central Bank’s 2.0% target.
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GBP: BoE to step up
A letter to BoE governor, Andrew Bailey, from over 50 leading economists and campaign groups warned the Bank is falling behind other major central banks as its work on green measures falls short.
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Is this the week stability ends for sterling?
Sterling has been becalmed since the start of the year, barely moving either way against the euro and only marginally more lively against the US dollar. The reason is the well-signposted refusal of the Bank of England –…
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Fed rethink propels US dollar
Data from across the Atlantic caused some significant moves in currency markets last week. The pound lost 1% to the US dollar and half a per cent to the euro, while EUR/USD lost two thirds of a per…
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GBP: Watching the votes
The Bank of England are once again expected to hold interest rates at their current levels on Thursday, so we might have to interest ourselves in the voting records of MPC (Monetary Policy Committee) members. The last decision…
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