Currency Note Archive

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.

25 Oct 2023 by Julian Benson

Strong US PMI results further boost the dollar

The pound and euro both lost over half a percent against the US dollar yesterday after a string of optimistic US data supported the greenback.

25 Oct 2023 by Julian Benson

UK joblessness rises, Bank of England expected to hold rates steady

As the UK unemployment rate rose to 4.2% between June and August, policymakers predict Bank of England policymakers will keep interest rates unchanged at 5.25% next week.

USD 24 Oct 2023 by Julian Benson

USD: Dovish mood dents dollar

The dollar weakened almost across the board yesterday, in a quiet start of the week for data. This afternoon we will get flash readings for PMI, with both services and manufacturing finely balanced around 50.

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EUR 24 Oct 2023 by Julian Benson

EUR: Euro strengthens in interest rate decision week

The euro strengthened decisively against all but the pound yesterday, including by more than 0.5% against all the major dollar currencies.

GBP 24 Oct 2023 by Julian Benson

GBP: Pound at two-week high against the dollar

Sterling bounced back to its strongest position for 12 days against the dollar yesterday, although there was nothing decisive about GBP/EUR.

24 Oct 2023 by Julian Benson

Sterling strengthens against US dollar after UK unemployment data

Sterling was strongly supported yesterday, strengthening by between 0.5 and 0.75% against the US dollar and yen, slightly less against other major rivals and remaining stable against the euro.

USD 23 Oct 2023 by Julian Benson

USD: Powell says inflation remains “too high”

On Thursday last week, Fed chairman Jerome Powell suggested the central bank had no immediate plans to raise rates but commented that inflation remains “too high.”

EUR 23 Oct 2023 by Julian Benson

EUR: Economists lock in steady Bank Rate

On Thursday, the European Central Bank will meet to decide whether to raise interest rates from 4.5%. Economists have priced in a pause in rate hikes as Lagarde hinted last week.

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