EUR: Up against the dollar
The euro regained some strength (0.3%) yesterday, following last Thursday’s one-month low as the Bank of England raised interest rates.
Read more
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, 8 August 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.
Worried about your transfer?
Lock today's rate with a forward contract.
★ 4.8 on Trustpilot
FCA authorised
Trusted since 2004
GBP: Goldman Sachs GBP downgrades outlook
Wall Street bank, Goldman Sachs lowered their forecasts for the pound-to-euro rate in the wake of the Bank of England’s 25-basis point rate hike.
Read more
UK hiring falls at fastest pace in three years
The UK’s economic outlook appeared rather bleak yesterday for a lack of market-moving economic data, forcing economists to ponder whether rising interest rates will be able to control inflation and avoid a recession.
Read more
Sterling under pressure post interest rate hike
The pound looked like it would end Friday close to a five-week low against the US dollar, but it was boosted in the latter half of the day following weaker-than-expected non-farm payroll data for July. More on that…
Read more
USD: Labour market remains strong
The US economy added 187,000 jobs in July. This result was lower than the average monthly gain of 312,000 but remains almost double the amount needed to keep up with growth in the working-age population.
Read more
EUR: German industrial output falls
In June, industrial production in Germany dropped by 1.5% month-on-month. This was worse than market expectations of a 0.5% fall and a marginally revised 0.2% decline in May.
Read more
GBP: A cautious market
Bank of England governor Andrew Bailey said last week that the central bank will keep interest rates “sufficiently restrictive for a sufficient period” to try and return inflation back to 2%.
Read more
House prices drop again
While the first week of August has certainly not been positive for sterling, with a 0.75% fall compared to last Monday against the euro, as swings go, that could be worse. GBP/EUR remains a couple of per cent…
Read more
20+
Years helping property buyers
★ 4.8
Thousands of five-star customer ratings on Trustpilot.
FCA
Authorised, FRN 504509
£12bn+
Transferred for our customers