USD: dollar boosted by retail sales
It was a stellar day for the dollar yesterday, strengthening by between 0.5 and 1.5% against major rivals.
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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 February 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: euro down on the US dollar
It was a mixed day for the euro, recovering strongly against most currencies, including sterling, but losing 0.5% against the US dollar.
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GBP: Pound in inflation’s shadow
After several top-level data releases that sent sterling slowly higher over the course of the week and then down very rapidly yesterday, today is a quiet one for data.
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Falling inflation leads to a weakened pound
Yesterday proved that good news for the economy and public isn’t always reflected in the currency, when a sharp decline in monthly inflation led to the pound weakening.
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Little love for sterling this morning
Sterling’s love letter from the currency markets lasted until Valentine’s Night but no further. A solid week of gains that had seen GBP/EUR strengthen by 2% over eight days came to an abrupt halt this morning with the…
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UK inflation falls to six-month low
Following the boost the positive wage growth data gave the pound yesterday morning, it was a rather calm day for other major currencies euro and US dollar.
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GBP: Positive wage growth data
Yesterday morning employment change data revealed that the number of people in work in the UK grew by 74,000 in the three months to December.
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EUR: Employment boosted in Euro Area
The number of people employed in the Euro Area rose by 0.4% on the quarter in the last three months of 2022, according to yesterday’s results.
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