USD: Building permits released at lunchtime
Building permits in the United States edged 0.1% higher to 1.339 million in January 2023, the previous data showed, sitting close to December's 31-month low.
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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
Thursday, 16 March 2023
GBP / EUR
▲ 0.08%
1.1992
A transfer of €300,000 would cost
£211 less
today than yesterday.
GBP / USD
▲ 0.50%
1.3477
A transfer of $350,000 would cost
£1,311 less
today than yesterday.
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EUR: All eyes on the ECB
Economists have priced in a 50 basis point rate hike from the ECB today however all eyes will be on the central bank to see exactly what it decides.
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GBP: Markets digest yesterday’s Budget
Key data releases for the UK slow down today and resume next week with inflation.
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GBP/EUR still strong as economists digest Hunt’s Budget.
Sterling maintains gains made yesterday after surging to a three-month high against the euro in the lead up to, and aftermath of, the chancellor’s Budget.
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USD: All eyes on retail sales data
This morning market-watchers will gain an insight into US consumer spending with the latest retail sales data which will be released at noon.
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EUR: France’s inflation rises
France’s monthly inflation rose by 1% this morning, pushing, French inflation to a five-month high. The annual rate has also increased above market expectations to 6.3%.
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Pound remains strong as Budget approaches
Sterling has had a relatively stable week so far against the US dollar and a gentle rise and fall against the euro. That could change with the Budget today, although the markets are not anticipating anything very dramatic…
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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…
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