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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, 4 February 2026
GBP / EUR ▼ 0.22%
1.1691
A transfer of €300,000 would cost £567 more today than yesterday.
GBP / USD ▼ 0.47%
1.3288
A transfer of $350,000 would cost £1,245 more today than yesterday.
Worried about your transfer? Lock today's rate with a forward contract.
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USD by Jonathan Cook

USD: More cancelled data

A partial government shutdown in the United States led to some key economic data being cancelled this week. This has now been resolved, but we're still waiting for confirmation of when we'll get the JOLTs job report and…
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EUR by Jonathan Cook

EUR: Will others follow France?

Some crucial inflation data should help guide the European Central Bank’s decision on Thursday. If those numbers are anything like those that came out of France yesterday, where headline inflation fell to its lowest since 2020, it seems…
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GBP by Jonathan Cook

GBP: Awaiting direction

There was little action in sterling markets yesterday as traders adopted a wait and see posture ahead of tomorrow’s rate decision. Policymakers seem unlikely to cut, but the real movement will come should the outlook for the year…
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USD by Jonathan Cook

USD: The Warsh effect

Kevin Warsh is heir apparent to current Federal Reserve chair Jerome Powell when his term ends in May. The prospect of a more hawkish chair than markets feared was enough to send investors charging away from an over-valued…
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EUR by Jonathan Cook

EUR: Another upgrade not enough

Hamburg Commercial Bank (HCOB) joined organisations in the UK and the USA in upgrading its initial estimate of German manufacturing output last month. Still, the euro struggled against the US dollar and weakened by about a third of…
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GBP by Jonathan Cook

GBP: A pause in the rally

Momentum generated in the second half of January went on pause to start this week. Against a rallying US dollar, sterling could find little momentum as investors remained cautious ahead of Thursday’s Bank of England decision.  
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