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 15 Mar 2023 by Christopher Nye

GBP: Wages versus inflation

According to the Office for National Statistics (ONS), regular pay in real terms fell by 2.4% in November to January in the UK. On the other hand, the growth in average total pay (including bonuses) was recorded at…

15 Mar 2023 by Christopher Nye

Chancellor to deliver long-awaited Budget

On Tuesday, sterling hit a four-week high against the US dollar and maintains those weekly gains this morning. Against the euro, the pound is still strong compared to this time last Wednesday.

EUR 14 Mar 2023 by Julian Benson

EUR: All eyes on Italy’s industrial production

Italy’s industrial production figures will be released at 9am. In the last release, industrial production rose 1.6%, recovering from three consecutive months of contraction.

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USD 14 Mar 2023 by Julian Benson

USD: Consumer inflation falls

According to the Federal Reserve Bank of New York, US consumer inflation expectations for the year ahead fell sharply to 4.2% in February of 2023. This marked the lowest levels since May 2021.

GBP 14 Mar 2023 by Julian Benson

GBP: A close up of the UK’s Labour market

The rate of unemployment was below market consensus (of 3.8%). In detail, the number of unemployed people rose by 5,000 to 1.25m while employment levels rose by 65,000 to 32.84m.

14 Mar 2023 by Julian Benson

HSBC bought Silicon Valley Bank for £1 yesterday

Yesterday, the UK arm of Silicon Valley Bank (SVB UK), was bought by British multinational banking and financial services organisation, HSBC. SVB, which has a balance sheet of £8.8bn, was bought for only £1 following its collapse.

13 Mar 2023 by Julian Benson

Pound rallied following GDP and US jobs report

The pound made new gains against the euro and US dollar on Friday following the UK’s better-than-expected GDP data and a mixed US jobs report.

GBP 13 Mar 2023 by Julian Benson

GBP: Pound maintains Friday’s GDP gains

Friday morning gave the pound the boost it needed after GDP stats revealed that the British economy gained 0.3% in January 2023.This comes after a 0.5% contraction in December and beating forecasts of a 0.1% rise.

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