GBP: Pound’s slow climb continues
The pound climbed steadily yesterday, continuing where it left off last week.
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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
Tuesday, 28 March 2023
GBP / EUR
▲ 0.18%
1.1676
A transfer of €300,000 would cost
£472 less
today than yesterday.
GBP / USD
▼ 0.14%
1.3450
A transfer of $350,000 would cost
£375 more
today than yesterday.
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Sterling rises as Bailey spells out priorities
Sterling’s recovery from the losses of last Wednesday continued into the new week, with gains against the euro and US dollar, close to 1% against the latter. Last night’s speech from Bank of England (BoE) governor Andrew Bailey…
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USD: Data-filled week for dollar-watchers
There will be lots of high impact economic data releases rolling out over the course of this week. Economists will be keeping a watchful eye on these releases to see how they impact the US dollar’s movements against…
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EUR: Ifo Business Climate beats forecasts
The Ifo institute released the latest business climate index for Germany at 9am this morning. Markets were expecting the index to remain unchanged however this morning's result exceeded expectations.
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GBP: CBI distributive trades predicted to plumet
The CBI distributive trades survey’s retail sales balance surged 25 points in February to +2, easily beating market expectations of -13.
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Sterling maintains weekly gains against US dollar
The pound begins today with fresh weekly gains of around 0.46% against the US dollar after ending last week near its highest levels since last spring. Against the euro, Sterling is weaker compared to last Monday by around…
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Sterling rises to help spring homebuyers
Firstly, a thank you to all who came along to Your Overseas Home, the international property show we help to organise. It’s good to see so many people determined to buy a property abroad this year. You can…
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USD: Dollar rises at tail end of poor week
The US dollar strengthened against most major currencies by between 0.5 and 1% yesterday, but not sufficiently to recover the losses from earlier in the week and it hits Friday some 1.5% adrift of EUR compared to last…
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