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 May 2023 by Julian Benson

Pound loses momentum against major rivals

Following yesterday’s news of slowing UK inflation, the pound surged to its highest level against the euro since December but was unable to maintain said gains. Instead, sterling lost close to 0.5% and 0.34% respectively, against the US…

GBP 25 May 2023 by Julian Benson

GBP: Inflation falls but food prices continue to surge

Yesterday the UK inflation rate fell to 8.7% in April, from 10.1% in March. This sharp drop is due to slowing energy prices, however food and drink price inflation remains above 19% – close to its 45-year high.

EUR 25 May 2023 by Julian Benson

EUR: French business climate worsens

This morning, the manufacturing climate indicator in France fell for a third consecutive month to 99 in May from 101 in April. This is the lowest level seen since March 2021.

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USD 25 May 2023 by Julian Benson

USD: US debt talks ongoing

Yesterday, Wall Street opened in the red with no resolution in sight for the ongoing US debt-ceiling deal. The Dow Jones fell nearly 200 points and both the S&P 500 and Nasdaq were down 0.7%.

USD 24 May 2023 by Julian Benson

USD: US home sales rose in April

New home sales in the US exceeded market expectations in April, jumping 4.1% month-over-month to a seasonally adjusted rate of 683,000.

EUR 24 May 2023 by Julian Benson

EUR: Robust private sector

Yesterday markets heard the HCOB Eurozone Composite PMI fell to 53.3 in May from 54.1 in April. This represents the lowest reading in three months.

GBP 24 May 2023 by Julian Benson

GBP: UK to avoid a recession

Yesterday the International Monetary Fund (IMF) reported it no longer expects the UK economy to fall into a recession this year. In updated forecasts, the IMF estimates the economy to grow by 0.4% in 2023, rather than shrink…

24 May 2023 by Julian Benson

UK inflation slows to 13-month low

This morning, consumer price inflation in the UK fell to 8.7% year-on-year in April, the lowest since March 2022. This was fuelled by a sharp slowdown in electricity and gas prices.

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