EUR: GDP and inflation data disappoints
A mixed day for the euro yesterday reaches the end of a mixed week but generally negative month.
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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
Friday, 8 September 2023
GBP / EUR
▼ 0.03%
1.1665
A transfer of €300,000 would cost
£89 more
today than yesterday.
GBP / USD
▲ 0.22%
1.3456
A transfer of $350,000 would cost
£585 less
today than yesterday.
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GBP: Mortgage rates put the skids under house prices
The pound moved very little yesterday, but most movements were to the negative.
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Rejoining Horizon good for UK-EU relations says Sunak
After a busy week where the sterling-to-euro rate has swung by 1%, it reaches Friday close to where it started the week. A very different story against the US dollar, however, with a 1.3% loss since last Friday…
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USD: Services sector grows in August
The ISM services PMI surprised economists in August, jumping to 54.5 from 52.7 in July and compared to forecasts of 52.5. This reflects the largest sector growth in six months and was largely fuelled by increases in new…
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EUR: Spotlight on GDP estimates
Later this morning, economists will receive the latest GDP growth rate estimates, which are forecast to rise 0.6% year-on-year from 1.1% in the previous period. This marked the smallest growth percentage since the 2020/21 recession.
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GBP: Likely to see fall in inflation by end of year
Governor Andrew Bailey remarked yesterday that indicators signal a continued fall in inflation, with the CPI down to 6.8% in July from 7.9% in June.
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UK house prices fall most since 2009
The pound lost much of Tuesday’s gains against the euro yesterday as it fell nearly 0.5% on the back of Bank of England (BoE) governor Andrew Bailey’s comments that we are nearing the end of the rate hiking…
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Pound returns to heights against euro
Sterling has bounced up close to its highest against the euro for a year, as hopes rise among institutional investors – if no-one else – that the Bank of England will continue to raise interest rates. While the…
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