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.

EUR 16 Dec 2022 by Charles Purdy

EUR: A more hawkish ECB boosts euro

The single currency blossomed in the wake of a relatively modest rate rise of 50 basis points yesterday, following the last two 75 basis point rises. However, what led to the boom in EUR were the hawkish warnings…

GBP 16 Dec 2022 by Charles Purdy

GBP: Sterling feels the chill

Sterling lost between 1.5 and 2% yesterday against the euro, US dollar and Swiss franc in the wake of the two interest rate decisions yesterday.

16 Dec 2022 by Charles Purdy

Pound suffers as Bank rate-setters diverge

Yesterday, interest rate decisions from both the Bank of England (BoE) and European Central Bank (ECB) caused something of a bloodbath for sterling, which lost between 1.5 and 2% against the euro and US dollar. No recovery for…

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USD 15 Dec 2022 by Julian Benson

USD: Return of retail sales data

Today the big data release is retail sales which is predicted to increase only 0.2% after surging to 1.3% the month before.

EUR 15 Dec 2022 by Julian Benson

EUR: ECB to remain slightly hawkish

The European Central Bank is expected to maintain a hawkish stance towards inflation in this afternoon’s interest rate decision.

GBP 15 Dec 2022 by Julian Benson

GBP: BoE predicted to hike interest by 50 basis points

Markets are predicting a more dovish outlook from the BoE today, with a 50 basis-point rate hike priced in.

15 Dec 2022 by Julian Benson

Pound remains steady ahead of interest rate decision

Sterling remained unchanged yesterday despite the UK’s inflation dropping to 10.7%, coming in lower than markets expected. The pound’s indifference may be short-lived as at lunchtime, the Bank of England will decide on its latest interest rate, followed…

14 Dec 2022 by Charles Purdy

Central banks 1: Inflation 0

The effect that inflation data can have on an exchange rate was brought sharply into relief with the US dollar, which has weakened by between 0.75% and 2% over the past week against the next nine most-traded currencies.…

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