USD: Hush for the Fed
The US dollar lost around 0.5% to the pound last week, while USD/EUR advanced by a quarter of a per cent.
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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, 31 January 2024
GBP / EUR
▼ 0.17%
1.1667
A transfer of €300,000 would cost
£449 more
today than yesterday.
GBP / USD
▼ 0.49%
1.3425
A transfer of $350,000 would cost
£1,276 more
today than yesterday.
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EUR: Germany in trouble
The euro continued to strengthen on the back of weak growth and comments from the European Central Bank. The euro gained almost half a cent against the pound while climbing by 0.3% against the US dollar.
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GBP: Borrowing falls, but not mortgages
The pound lost half a cent to both the euro and the US dollar on Tuesday before recovering slightly in the evening session.
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USD: Dollar stable as jobs data imminent
The dollar moved very little yesterday, in a day with little to excite the markets. That may change this afternoon with the first of the month’s big labour market readings, JOLTS job openings, leading up to the Fed’s…
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EUR: Euro suffers from rate cut belief
The euro continued to weaken yesterday as evidence builds of the eurozone’s hard landing from the interest rate rising cycle.
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GBP: Sterling’s steady gain in quiet week
Sterling continued to tick upwards against the euro yesterday, while making little headway anywhere else and, indeed, falling by between a third and half a percent against the yen and Australasian dollars.
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Pound hits 18-month high against euro
Sterling finally hit its highest level against the euro for 18 months yesterday, after threatening to for the whole of January. GBP/EUR is now more than 1.7% stronger than the start of the year and 3% stronger than…
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Interest rate decision threatens sterling’s 18-month high
It’s the start of a week where the pound is about as strong against the euro as any Monday morning since August 2022. To lock that near 18-month high in, call your account manager on 020 8108 5163.…
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