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.

GBP 28 Jul 2023 by Charles Purdy

GBP: Dire session for sterling

The pound dropped between 1% and 2% against the US and Canadian dollars, yuan and yen yesterday.

28 Jul 2023 by Charles Purdy

Pound loses out to resurgent dollar

Despite dropping ahead of the European Central Bank’s (ECB’s) interest rate decision, the pound ended Thursday largely unchanged against the euro. It is around 0.75% up on the start of the week and slightly ahead of this time…

USD 27 Jul 2023 by Julian Benson

USD: Fed’s last move in the inflation battle?

The Federal Reserve’s decision to raise interest rates by a quarter of a percentage marks the US central bank’s 11th hike in the last 12 policy meetings and possibly a final move in its monetary tightening policy.

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EUR 27 Jul 2023 by Julian Benson

EUR: GfK consumer morale improves

This morning, new figures from the GfK Group revealed Germany’s consumer climate indicator rose slightly to -24.4 in August, up from -25.2 in July. Higher than forecasts, the morale is believed to be boosted by waning pessimism in…

GBP 27 Jul 2023 by Julian Benson

GBP: pound recovers in wake of Fed rate hike

A week away from the Bank of England’s interest rate decision, the pound’s major influences this week come from other Central Bank interest rate decisions. Sterling has gained 1% since yesterday morning and remains steady ahead of the…

27 Jul 2023 by Julian Benson

Fed raises interest rates to 22-year high

Yesterday the Federal Reserve raised interest rates by 25 basis points to 5.5% in July from 5.25% in June. This is the highest rate since January 2001 and the 11th consecutive rate hike in the U.S. central bank’s…

26 Jul 2023 by Charles Purdy

Sterling turns a corner

Sterling turned a corner yesterday following seven straight days of losses against the US dollar (worse showing since the start of the pandemic).

USD 26 Jul 2023 by Julian Benson

USD: Dollar index extends gains

The dollar index extended its gains for the sixth consecutive session to 101.5 on Tuesday. The index hasn’t seen this level in just over two weeks as traders cautiously await the Federal Reserve’s interest rate decision later today.

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